WASHINGTON (dpa-AFX) - JDA Software Group, Inc. (JDAS) Thursday said it expects an unanticipated shortfall in software license sales in the U.S. with fourth-quarter revenue indicated to increase a low single digit over last year, below Street estimates. Shares of the Scottsdale, Arizona-based provider of enterprise software solutions lost over 11 percent on the news.
Despite the weakness in the typically strong fourth quarter, the company backed its full-year adjusted earnings and revenues to come in within guidance. The full-year results are also set to come in below Street view.
For the fourth quarter ended on December 31, the company expects revenues to increase 3 to $173 million from $168.8 million in the year-ago quarter. Four Street analysts currently expect fourth-quarter revenues of $180.9 million.
For the full-year, the company expects adjusted earnings at the high end of its guidance range of $84.8 million - $93.6 million or $2.00 - $2.20 per share, up from $1.96 last year.
Full-year revenues are expected to come in exactly at the mid-point of forecast at about $670 million, from the range of $650 million - $690 million, which was provided nearly a year ago on February 1, 2011.
The Street expect earnings of $2.22 per share for the full year on revenues of $678.4 million.
The full-year projection represents 9 percent growth over fiscal 2010 revenue of $617.2 million.
Total software and subscription revenue is expected to decrease 12 percent to $37 million from the $42.0 million reported in the year-ago quarter.
Full-year software and subscription revenue other segments, growing 8 percent to $141 million from $130.7 million last year, but below the guidance range of $145 million to $160 million.
JDAS closed Thursday's regular trade at $32.80, down $0.17 or 0.50%, on the Nasdaq, and lost a further $3.90 or 11.89% in extended trade. Over the past year, the stock traded in a range of $22.09 - $35.02.
Copyright RTT News/dpa-AFX
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