Internet software company

New Era of Networks

(NEON) - Get Neonode Inc. Report

warned after the bell that it expects "disappointing" fourth-quarter earnings and revenue, which the company blamed on deferred and postponed customer orders.

The company's shares closed at $5.50 Friday on the

Nasdaq

and tumbled down to $3.63 in after-hours

TheStreet Recommends

Island

trading.

New Era expects to post a fourth-quarter loss of 35 cents a share, and a loss of 15 cents a share for the full year, including a charge of about 10 cents a share for increased bad debt provisions, but excluding acquisition and stock-based compensation costs.

According to

First Call/Thomson Financial

, eight analysts expect fourth-quarter earnings of 11 cents a share, compared with a break-even figure for the same period last year. Wall Street expects earnings of 28 cents a share for the year, up from a loss of 25 cents a share in 1999.

New Era expects fourth-quarter revenue of $40 million, compared with $38.6 million a year ago, and full-year 2000 revenue of $188 million, up from $126.2 million.