Manugistics Beats Third-Quarter Expectations

Manugistics(MANU Quote), a developer of supply chain and electronic-business software, reported third-quarter earnings that beat analysts' expectations as revenue nearly doubled from the year-ago period.

For the three months ended Nov. 30, income rose to $3.4 million, or 5 cents a diluted share, excluding a noncash stock compensation gain. The company lost $4.8 million, or 9 cents a share, in the year-ago period. Per share figures reflect a 2-for-1 stock split that became effective Dec. 8.

According to First Call/Thomson Financial, analysts expected the Rockville, Md., company to earn 3 cents a share in the period.

Revenue rose 96% to $70 million from $35.8 million in the same quarter of the prior year. Shares of Manugistics closed the regular Nasdaq trading session at $44.06 and rose to $46.25 in after-hours Island activity.