E2open tumbles after hours on earnings, outlook

FOSTER CITY, Calif. (AP) — E2open Inc.’s shares shed more than a quarter of their value in after-hours trading Tuesday after the cloud-computing software company reported a larger-than-expected loss for its fiscal fourth quarter and issued a dismal forecast.

The Foster City, Calif., company reported a loss of $ 2.8 million, or 11 cents per share, for the quarter that ended in February. The company broke even its fourth quarter of the prior year. After adjusting for a contract amendment and other matters, it had a loss of 6 cents per share versus earnings of 5 cents per last year.

E2open’s total revenue edged up to $ 17.6 million from $ 17 million last year.

The quarter fell short of the market’s expectations. Analysts polled by FactSet were, on average, anticipating an adjusted loss of 5 cents per share and $ 19.7 million in revenue.

CEO Mark Woodward said the company is well-positioned for its full-year subscription revenue to grow in 2014, based on its bookings during 2013. But he said this will be a “transition year” for the company’s professional services business. It cited a shift in its strategy that will lead to lower professional services revenue and profits in the near term but which the company believes will help increase subscription revenue growth, market share and profit in the long run.

E2open forecast a fiscal first-quarter loss between 18 cents and 22 cents per share on an adjusted basis and revenue between $ 15 million to $ 15.5 million. Analysts had forecast an adjusted loss of 4 cents per share on revenue of $ 20.2 million for the quarter.

For the full year, E2open expects a loss of 33 to 36 cents per share on an adjusted basis with revenue between $ 75 million and $ 77 million. Analysts had forecast adjusted earnings of 6 cents per share on revenue of $ 89.5 million.

E2open shares sank $ 4.76 to $ 13.81 in after-hours trading. The company’s stock fell 15 cents to close regular trading at $ 18.57 before the release of the earnings report.

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Apogee shares fall after fiscal 4Q results

MINNEAPOLIS (AP) — Apogee Enterprises Inc., a glass products company, said Wednesday that its net income jumped 48 percent on improved revenue but investors were not impressed and shares fell in after-hours trading.

The Minneapolis-based company earned $ 4.4 million, or 15 cents per share, for the quarter that ended March 2. That compares with $ 3 million, or 11 cents per share, for the same quarter a year ago. Excluding one-time items, it earned 15 cents per share.

Apogee’s revenue increased 7 percent to $ 179.7 million on gains in its architectural segment and declines in its optical business. Apogee CEO Joseph Puishys said that the company’s architectural segment revenue gains were led by the installation, window and architectural glass business. It was also helped by better prices. There was one less week in the period than in the prior year.

Puishys said the company expects improved performance in 2014, forecasting revenue gains in the high single percentage digits and earnings from continuing operations of 90 cent to $ 1 per share.

Puishys said the company is experiencing stronger bidding activity for future work and its margins on new orders are improving. He said the company’s plan to grow through new markets and new products should allow it to reach $ 1 billion in revenue by the end of its 2016 fiscal year.

Shares fell $ 1.99, or 6.8 percent, to $ 27.20 in after-hours trading.

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Realogy shares down $3.86, or 8.62% after Q1 revenue view misses estimates

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HTC posts record-low quarterly profit after delayed phone launch

TAIPEI (Reuters) – HTC Corp reported a record-low quarterly profit on Monday that missed analysts’ estimates after it delayed the full launch of its 2013 flagship smartphone model, which will now debut against Samsung Electronics’ newest Galaxy.

A shortage of cameras meant HTC managed to introduce its latest HTC One phone in just three markets by the end of the first quarter instead of the planned 80. It does not expect to kick off sales across Europe, North America and the Asia-Pacific region before the end of April.

Samsung Electronics Co Ltd has said its Galaxy S4 will be available in 155 countries by the end of April.

HTC said its unaudited net profit was T$ 85 million ($ 2.85 million) in its January-March first quarter, compared with T$ 1 billion in the prior quarter and T$ 10.9 billion in the same period last year. It was the lowest since HTC began reporting quarterly profits in 2004.

The Taiwanese smartphone maker was expected to post a net profit of T$ 467.5 million, according to the average forecast of 18 analysts polled by Thomson Reuters I/B/E/S.

First-quarter revenue was T$ 42.8 billion, lower than the T$ 50-60 billion range that HTC had forecast in February. Revenue in the fourth quarter was T$ 60 billion.

“As HTC failed to establish its brand image by selling its most important flagship phone on time, it’ll be very difficult to push on the mid- and low-end phones when HTC launches them in Q3-Q4,” said Dennis Chan, an analyst with Yuanta Securities in Taipei. “Sales in the second quarter will bounce, but they will lose momentum again in Q3-Q4.”

The company has partnered with Facebook Inc, which unveiled new software last week called “Home” that replaces the home screen on some Android smartphones, and introduced a $ 100 HTC-made handset that is pre-installed with the new app.

“The Facebook phone is not enough to turn HTC around,” said Daiwa analyst Birdy Lu, speaking before HTC’s results were released. “Facebook Home could be only good for Facebook addicts, and the distribution channel for HTC First is very limited. HTC’s 2013 performance is still highly dependant on HTC One.”

HTC was the world’s 10th-biggest smartphone maker by shipments in the fourth quarter, according to IT research firm Gartner, jostling in a crowded field behind the top-two heavyweights Samsung and Apple Inc.

Shares of HTC have lost more than half of their value in the past 12 months, underperforming a slight rise in Taiwan’s main TAIEX index. On Monday, HTC shares closed down 2.2 percent before the earnings were released, compared with a 2.4 percent fall in the main index.

(Reporting by Clare Jim; Editing by Chris Gallagher and Emily Kaiser)

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3D printers advance after ExOne’s sales top expectations

Makers of 3D printers are climbing after a company in the sector, ExOne (XONE), reported higher than expected fourth quarter revenue. WHAT’S NEW: ExOne’s fourth quarter revenue was $ 12.7M, versus analysts’ consensus estimate of $ 12.3M. The company stated that it generated net income of $ 900,000 during the quarter, versus a loss of $ 2.8M during the same period in 2011. ExOne provided 2013 revenue guidance that was in-line with expectations. WHAT’S NOTABLE: ExOne’s CEO sounded upbeat about the 3D printing sector’s outlook. “The recent technological advances of our 3D printing machines create persuasive economics for our industrial customers, who have demonstrated a growing interest in applying 3D printing in their manufacturing processes,” said ExOne CEO Kent Rockwell. “We believe we are a driver of the rate of adoption of 3D printing for industrial applications as well as a benefactor of the growing relevance of this technology in manufacturing,” he added. PRICE ACTION: In early afternoon trading, 3D Systems (DDD) gained 3.6% to $ 31.75, Stratasys (SSYS) rose 1.2% to $ 74.40, and ExOne surged 8% to $ 33.10.

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