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(RTTNews) - Tuesday after the closing bell, Agile Software Corp. ( | | | ) reported preliminary results for the second quarter that revealed a net loss per share narrowing over the previous year period on both GAAP and non-GAAP basis. However, net loss per share, on a non-GAAP basis, missed the consensus estimate by a penny.

Total revenues were up 3% over last year, while license revenues were up 4%. Maintenance revenues were up 5% Generally pleased with the results, the company said it remains focused on driving more top line revenues for the remainder of the year. The Agile management also guided third quarter non-GAAP earnings that were within the analysts estimates range.

The San Jose, California-based provider of product lifecycle management ( | | | ) solutions estimates a GAAP net loss of $0.03 per share compared to a GAAP net loss of $0.07 per share for the second quarter of 2006.

Non-GAAP net loss for the quarter was estimated to be $0.02 per share versus a non-GAAP net loss of $0.03 per share in the year-ago quarter.

Wall Street analysts' estimate for the quarter was a loss of $0.01 per share. Total revenues for the quarter were $32.

5 million, compared to $31.5 million for the second quarter of 2006. Total revenues for the second quarter were consistent with the company September 19 guidance.

License revenues for the quarter were $10.5 million, compared to $10.1 million for the corresponding quarter of 2006.

Maintenance revenues for the quarter were $14.0 million, compared to $13.3 million for the second quarter of last year.

The company noted that net loss per share for the quarter, on a GAAP basis, does not take into account potential non-cash charges for stock-based compensation expense resulting from the company's ongoing review of its stock option grant practices and related accounting matters. The company also noted that GAAP net loss for the quarter does include approximately $1.5 million of costs, or $0.

03 per share, related to the on-going stock option review and the now completed, previously disclosed review of the company's Taiwan sales operations. Meanwhile, the company noted that its non-GAAP net loss for the quarter excludes stock compensation, amortization of intangible assets and gain on sale of investments. The non-GAAP net loss for the quarter includes approximately $1.

5 million of costs, or $0.03 per share, related to reviews conducted by the company as described above. The company also noted that the non-GAAP earnings results for the quarter were consistent with guidance provided by the company on September 19.

Commenting on the results, the management indicated that new customer wins drove second quarter results. Jay Fulcher, Agile president and CEO said the company had several strategic customer wins that confirm its PLM leadership in the high tech and electronics, life sciences, and consumer packaged goods verticals. Fulcher said, "The adoption of our new release, Agile 9.

2, continues to go well and should spur more revenue opportunity for us the rest of the fiscal year." And the CEO noted that Agile continued to gain traction across its key verticals, including electronics and high tech, life sciences and consumer products, with a significant number of new customer wins in the quarter. Looking ahead, Agile estimates that its total revenues for the third quarter of 2007 will be between $33.

5 million and $34.5 million. Also, the company estimates that it will have non-GAAP net income in the third quarter between $0.

01 and $0.02 per share. Agile's non-GAAP earnings guidance is in line with analysts' consensus estimate of earnings of $0.

01 per share. Meanwhile, the estimates ranged between $0.01 and $0.

02 per share. Revenues estimate of the analysts is $34.69 million with a range of $33.

60-35.48 million.The company noted that its third quarter net results will exclude the cost of the review of its stock option practices, stock compensation and amortization of intangibles.

The stock lost eight cents in the regular session of Tuesday after moving in a range of $6.44-6.85, and closed at $$6.

61. Its 52-week range was $5.08-7.

78. Currently, the stock is trading 13 cents higher from regular close to be at $6.74, in the after-hours session.

The stock is currently moving in a range of $6.35-6.75.

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