NEW YORK (Thomson Financial) - QAD Inc. reported late Thursday
fourth-quarter net income of $5.2 million, or 16 cents a share, compared with
$3.8 million, or 12 cents a share, in the same period a year earlier.
The latest results included pretax stock compensation expense of $1.8
million, or 4 cents a share net of tax.
The mean estimate of analysts polled by Thomson Financial was for earnings
of 18 cents a share.
Total revenue for the period ended Jan. 31 increased 13% to $75.3 million
from last year's $66.5 million, topping analyst expectations of $72.2 million.
The Carpinteria, Calif.-based provider of enterprise software and services
expects breakeven results on a per-share basis for the first quarter on revenue
of $63 million to $65 million.
The company projects 2009 earnings of 22 cents to 35 cents a share on
revenue of $275 million to $285 million.
The stock closed the regular session at $8.59.
Wanfeng Zhou
wz/gm
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.
|