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Descartes Systems: Fiscal 3Q Earnings Snapshot

WATERLOO, Ontario (AP) _ The Descartes Systems Group Inc. (DSGX) on Wednesday reported fiscal third-quarter earnings of $9.7 million.

The Waterloo, Ontario-based company said it had profit of 11 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 11 cents per share.

The logistics provider posted revenue of $83 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $83.2 million.

Descartes Systems shares have risen 61% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.53, a rise of 49% in the last 12 months.


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