Aspen Technology (AZPN) Stock Falls Despite Earnings Beat

NEW YORK (TheStreet) -- Shares of Aspen Technology were falling 14.1% to $36.09 on heavy trading volume Friday despite the business software company's positive fiscal fourth quarter financial results. Aspen reported earnings of 39 cents a share for the fiscal fourth quarter, above analysts' estimates of 34 cents a share. Revenue grew 12.5% year over year to $114.19 million, beating analysts' estimates of $112.46 million. Subscription and software revenue grew to $105.6 million in the fiscal fou...