J.D. Edwards Beats Fourth-Quarter Views, Lowers 2002 Guidance

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J.D. Edwards

(JDEC)

said fourth-quarter earnings were better than analysts were expecting, but the company subsequently lowered its revenue outlook for 2002.

Excluding charges, the Denver software company earned $20.4 million, or 18 cents a share, in its most recent quarter; analysts had been expecting 4 cents a share. But the company said it expects only 5% revenue growth in 2002, somewhat below expectations, and said it doesn't expect a recovery until the year's second half.

The company's shares were recently down 64 cents, or about 5%, to $12.80 on Instinet.