Skip to main content

Manugistics Sees Meeting or Beating Third-Quarter Estimates

  • Author:
  • Publish date:

Manugistics

(MANU) - Get Manchester United Plc Class A Report

expects third-quarter revenue and earnings to meet or exceed analysts' expectations.

According to

First Call/Thomson Financial

, 11 analysts produced a consensus estimate of 6 cents a share, up from a loss of 17 cents a share in the same period last year. Analysts on average expect revenue of $61.6 million, compared with revenue of $35.8 million reported last year.

Scroll to Continue

TheStreet Recommends

The Rockville, Md., Internet business company, which recently said founder William Gibson was retiring at the end of fiscal year 2001, also said it filed a lawsuit against

VirtualFund.com

(VFND)

for breaching its obligations under a software license agreement. Manugistics said it seeks at least $4.5 million in damages, while VirtualFund.com demands that Manugistics return the $2.5 million it paid to the company.

Shares of Manugistics recently fell 2%, or $2, to $95.50 in

Nasdaq

trading.