NEW YORK (Thomson Financial) - QAD Inc. reported late Tuesday third-quarter
net income of $1.52 million, or 5 cents a share, including a stock compensation
expense of 3 cents a share.
The mean estimate of analysts polled by Thomson Financial was for earnings
of 7 cents a share.
In the same period a year earlier, net income was $947,000, or 3 cents a
share, including a stock compensation expense of 3 cents a share.
Revenue for the three months ended Oct. 31 rose 16% to $66.6 million, ahead
of the consensus estimate of $62.8 million. The company said license revenue for
the quarter jumped 28% to $14.1 million, while services revenue increased 31% to
$20.2 million.
The Santa Barbara, Calif.-based provider of enterprise software forecast
earnings for the full year ending Jan. 31, 2008, of 11 cents to 18 cents a share
on revenue of $255 million and $261 million. The guidance includes an estimated
charge for stock compensation of 12 cents a share.
Analysts are currently looking for full-year earnings of 29 cents a share on
sales of $255 million.
Separately, QAD said it named Terry Cunningham to its board, which now
consists of six members. Cunningham is the chief executive of Coral8, a software
provider.
The stock closed the regular session at $8.87.
Wanfeng Zhou
wz/kh
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|