04:23 AM EDT, 05/03/2024 (MT Newswires) -- Altair Engineering ( ALTR ) reported Q1 adjusted earnings late Thursday of $0.40 per diluted share, up from $0.36 a year earlier.

Analysts polled by Capital IQ expected $0.35.

Revenue for the quarter ended March 31 was $172.9 million, up from $166 million a year earlier.

Analysts polled by Capital IQ expected $169.5 million.

The company expects Q2 revenue of $145 million to $148 million. Analysts polled by Capital IQ are expecting $153.8 million.

For 2024, the company now expects revenue of $652 million to $662 million, compared with the previous guidance of $663 million to $673 million. Analysts polled by Capital IQ are expecting $725.2 million.

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