JDA Software Is As Expected

JDA Software ( JDSA), down about 27% this month after previewing a weak second quarter July 6, delivered the uninspiring goods Monday, saying earnings were cut roughly in half from a year ago.

The Scottsdale, Ariz., supply-chain software maker earned $604,000, or 2 cents a share, in the three months to June 30, down from earnings of $1.3 million, or 5 cents a share, last year. Revenue rose 2% to $54.08 million. Excluding various charges, the company earned a pro forma 4 cents a share.

Analysts had been forecasting earnings of 4 cents a share on revenue of $54.0 million. The company had forecast pro forma earnings of 3 cents or 4 cents a share when it preannounced last week, citing contracts that failed to close by quarter's end.

"While it was disappointing to have several software transactions delayed out of the second quarter, our business continues to make progress in terms of market leadership and future business prospects," the company said Monday. "We closed 83 software transactions, including seven multiproduct transactions and five merchandising system transactions. This performance clearly indicates that customer preference for JDA and our competitive advantage are both very healthy."

The stock, which has fallen about 37% this year, was recently trading for $10.06, down 34 cents, or 3.3%, in the after-hours session.

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