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Descartes Systems misses 4Q profit forecasts

WATERLOO, Ontario (AP) _ The Descartes Systems Group Inc. (DSGX) on Wednesday reported fiscal fourth-quarter earnings of $6.1 million.

The Waterloo, Ontario-based company said it had profit of 8 cents per share.

The results fell short of 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 $52.8 million in the period.

For the year, the company reported profit of $23.8 million, or 31 cents per share. Revenue was reported as $203.8 million.

Descartes Systems shares have climbed 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.85, a climb of 31 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 DSGX at https://www.zacks.com/ap/DSGX

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Keywords: Descartes Systems, Earnings Report