Software maker

Commerce One

(CMRC)

today announced that its earnings fell far short of expectations.

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The procurement software company said after the market closed that it lost 31 cents a share for the quarter, a wide miss from the 21 cents per share analysts' consensus as gathered by Thomson Financial/First Call.

The company said revenues were $101.3 million, barely above the lowest estimates it issued in a warning June 29. The stock closed higher, up 40 cents, or 8.9%, to $4.89.