said Monday that it expects to fall short of Wall Street's earnings expectation for the first fiscal quarter, and the company named Hank Bonde chief operating officer.
The enterprise and supply chain software company said it expects to lose 1 cent to 2 cents for the quarter, reversing the consensus estimate, which calls for the company to earn a penny. The company broke even in the year-ago period. Revenue should be between $208 million and $218 million, short of the $232 million in the first quarter last year.
"We did not execute well this quarter, and we are addressing that immediately," the company said in a statement. "Our products and vision for collaborative commerce are solid, we just need to focus on better, more consistent execution in the sales and services areas."
Additionally, the company said Bonde will replace Dave Girard, who resigned from the company, as operating chief. Bonde, 55, was most recently the president and chief executive of
Les Wyatt, 50, will also join J.D. Edwards as senior vice president and chief marketing officer.
Shares of J.D. Edwards lost 31 cents, or 2.1%, to $14.63 in regular session
trading, and continued downward to $12.56 in recent after-hours