i2 Technologies Sees Beating Wall Street's Fourth-Quarter Estimates
i2 Technologies(ITWO) expects to beat analysts' expectations for fourth-quarter revenue and earnings.
The business-to-business software provider, which is based in Dallas, said fourth-quarter operating income, excluding the amortization of intangibles and nonrecurring charges, "strongly exceeded" analysts' consensus estimates of $51 million. i2 didn't provide an earnings per share estimate, but 35 analysts surveyed by First Call/Thomson Financial produced a consensus estimate of 8 cents a share, up from 5 cents a share in the same period last year. The company also said it sees fourth-quarter revenue "in excess of $370 million," as well as full-year revenue of more than $1.1 billion. Twelve analysts are calling for fourth-quarter revenue of $343.9 million, up from $175.3 million, and full-year revenue of $1.09 billion, compared with $571.1 million in 1999. i2 plans to report financial results on Jan. 17 after the market closes. Shares of i2 closed at $41.94 Monday, and recently gained $5.19, or 12.4%, to $47.13 in after-hours Island trading.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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