NEWS: Cloud-computing software company E2open said Thursday it took a bigger loss in the fiscal third quarter. DETAILS: The company spent more money on sales and marketing and reported greater amortization costs. E2open also offered disappointing guidance for the current quarter. NUMBERS: The company said it lost $7.4 million , or 28 cents per share, after losing $5.9 million , or 23 cents per share, one year earlier. It took a loss of 16 cents per share if one-time items are excluded. Revenue rose to $18.3 million from $18 million . FactSet says analysts expected a loss of 19 cents per share and $18.4 million in revenue. FUTURE: E2open is forecasting an adjusted loss of 13 to 15 cents per share and $19 million to $19.8 million in revenue in the fourth quarter. Analysts expect a loss of 11 cents per share and $20.6 million in revenue. STOCK: Shares of E2open slipped 34 cents to $23.93 Thursday and fell $1.98 , or 8.3 percent, to $21.95 in aftermarket trading.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- Stocks Close Lower Ahead of Crimea Vote
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Ulta Shares Look Good on Strong Q4
- Jittery Investors Dumping Russian Stocks
- FDIC Accuses Big Banks of Fraud, Conspiracy
- U.S. Consumer Sentiment Falls in Early March