This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manugistics Posts Narrower Loss

Shares of Manugistics Group (MANU - Get Report), a vendor of supply chain software, were rising slightly Thursday, after management reported that it had narrowed its net loss from a year ago.

For the quarter ended Nov. 30, 2002, the company reported an actual net loss, as measured under generally accepted accounting principles of $26 million, or 37 cents per basic and diluted share, compared to an actual net loss of $45 million, or 66 cents per basic and diluted share, for the same period in the prior year.

Including charges, Manugistics lost 18 cents per share, coming in at the low end of the range it gave in a preannouncement two weeks ago.

Total revenue for the quarter ended Nov. 30 fell to $62.4 million from $71 million a year ago. Software revenue decreased 36 percent to $14.1 million from $22.1 million for the same period in the prior year.

Wall Street had expected the supply-chain software company to lose an adjusted 17 cents per share on $65.47 million in revenue.

A release made before the company's conference call with analysts gave little reason to look for a significant upturn in business in sales the near term. However, cost-cutting "will allow us to post improved operating performance in coming quarters," said Greg Owens, Manugistics' chairman and chief executive officer.

Shares rose slightly, closing up 6 cents, or 2.7%, at $2.28. Shares were higher by 5 cents in after-hours trading.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
MANU $15.26 -1.48%
AAPL $125.80 -2.25%
FB $77.56 -1.59%
GOOG $530.80 -1.85%
TSLA $232.95 1.06%


DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs