The Supply Chain Gang: Manugistics Beats Expectations Handily
The economy might be headed into the toilet, but don't tell that to Manugistics(MANU Quote) CEO Greg Owens.
Tuesday after the close of regular trading, Manugistics announced that it beat revenue and earnings expectations for its fiscal third quarter because of strong sales of its software that helps companies run their supply chains more efficiently.
The company earned 5 cents a share on sales of $70 million, the most revenue it has recorded in a single quarter. After selling Manugistic shares in regular trading Tuesday, investors bought them after hours, and the stock rose to $47.25 after closing at $44.06.
With high technology firms warning left and right about revenue and earnings, Manugistics ran an extremely bullish conference call. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet