said Tuesday that it will miss the consensus bottom line and revenue estimates for the second quarter as market conditions continue to worsen.
The provider of e-business software said revenue for the quarter will come in between $235 million and $240 million, well short of the $282 million Wall Street expected. i2 said license revenue will total $103 million to $107 million.
The company said it expects a pro forma loss of 16 cents a share, including a charge of 4 cents a share. Excluding the charge, i2 expects to lose 12 cents a share. Analysts polled by
Thomson Financial/First Call
were expecting a loss of 6 cents a share, but it wasn't clear if that estimate included the charge. Representatives from First Call weren't immediately available to provide a clarification.
The pro forma numbers exclude a restructuring charge of $33 million to $35 million, or 5 cents a share, and other adjustments such as the amortization of intangible assets.
"Market conditions were much more difficult than we had anticipated this quarter -- even more difficult than we experienced in the first quarter," Greg Brady, the company's chief executive, said in a statement. "These conditions prevented us from achieving what we believed were conservative estimates for the quarter."