Descartes Systems: Fiscal 2Q Earnings Snapshot
WATERLOO, Ontario (AP) _ The Descartes Systems Group Inc. (DSGX) on Wednesday reported fiscal second-quarter net income of $8.6 million.
On a per-share basis, the Waterloo, Ontario-based company said it had net income of 10 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The logistics provider posted revenue of $80.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $80.2 million.
Descartes Systems shares have climbed 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.28, a rise of 4% in the last 12 months.