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QAD Inc.: Fiscal 2Q Earnings Snapshot

August 22, 2018

SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADB) on Wednesday reported fiscal second-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Santa Barbara, California-based company said it had net income of 5 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.

The manufacturing software maker posted revenue of $84.5 million in the period.

For the current quarter ending in November, QAD Inc. said it expects revenue in the range of $80 million to $82 million.

The company expects full-year revenue in the range of $332 million to $336 million.

QAD Inc. shares have climbed 36 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.99, a rise of 64 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QADB at https://www.zacks.com/ap/QADB

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