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QAD reports 4Q loss

SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADA) on Thursday reported a fiscal fourth-quarter loss of $15.2 million, after reporting a profit in the same period a year earlier.

The Santa Barbara, California-based company said it had a loss of 82 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.

The enterprise software developer posted revenue of $73.3 million in the period.

For the year, the company reported a loss of $15.5 million, or 84 cents per share, swinging to a loss in the period. Revenue was reported as $278 million.

For the current quarter ending in May, QAD said it expects revenue in the range of $68 million to $70 million.

The company expects full-year revenue in the range of $288 million to $292 million.

QAD shares have decreased roughly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.70, an increase of 45 percent 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 QADA at https://www.zacks.com/ap/QADA


Keywords: QAD, Earnings Report