FOSTER CITY, Calif. (AP) -- Shares of E2open Inc. fell nearly 25 percent in after-hours trading Thursday after the cloud-computing software company issued a third-quarter and full-year outlook that missed Wall Street expectations.
The company, which is based in Foster City, Calif., reported a loss of $5.9 million, or 23 cents per share, in the three months that ended Aug. 31, its fiscal second quarter. That compares to net income of $4.6 million, or 19 cents per share, during the same quarter a year ago.
Excluding expenses related to stock-based compensation and other one-time items, it reported a loss of 10 cents per share.
Analysts, on average, expected a loss of 15 cents per share, according to FactSet.
Revenue fell 21 percent to $18 million during the second quarter from $22.9 million in the same quarter a year ago.
Analysts expected revenue of $17.2 million, according to FactSet.
For the third quarter, the company expects an adjusted loss between 21 cents per share and 18 cents per share and revenue between $17.4 and $17.9 million.
Analysts had been expecting a loss of 4 cents per share and revenue of $21 million during the third quarter, according to FactSet.
For the full year, it expects an adjusted loss between 57 cents per share and 53 cents per share and revenue between $70.9 million to $71.9 million.
Analysts expect a loss of 34 cents per share and revenue of $77.5 million for the year, according to FactSet.
Shares of E2open fell $5.07, or 24.8 percent, to $15.35 in after-hours trading. They rose 27 cents, or 1.3 percent, to $20.42 during normal trading hours Thursday.
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