QAD Inc.: Fiscal 1Q Earnings Snapshot
SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADB) on Wednesday reported a fiscal first-quarter loss of $3.2 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 17 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.
The manufacturing software maker posted revenue of $78 million in the period.
For the current quarter ending in August, QAD Inc. said it expects revenue in the range of $77 million to $79 million.
The company expects full-year revenue in the range of $330 million to $335 million.
QAD Inc. shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.20, a decline of almost 6% in the last 12 months.