QAD Inc.: Fiscal 2Q Earnings Snapshot
SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADB) on Wednesday reported a fiscal second-quarter loss of $13.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Santa Barbara, California-based company said it had a loss of 69 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 11 cents per share.
The manufacturing software maker posted revenue of $76.4 million in the period.
For the current quarter ending in November, QAD Inc. said it expects revenue in the range of $78 million to $79 million.
The company expects full-year revenue in the range of $313 million to $318 million.
QAD Inc. shares have decreased 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28, a drop of 32% in the last 12 months.