JDA Software

(JDAS)

said it expects to beat fourth-quarter earnings estimates by at least 50%. The software and service provider now expects to earn 18 cents a share in the quarter, excluding charges.

Wall Street analysts had been expecting 12 cents a share on average, according to Thomson Financial/First Call.

The company attributed the better-than-expected results to strong demand from grocery and sporting goods retail customers.

Shares of JDA Software were recently up 5% to $26.50 in Instinet premarket trading after closing at $25.25 Friday.