J.D. Edwards & Co. was down 4 3/64 to 12 1/64 early Friday after the company said it expects to report a $20 to $25 million operating loss, before items, for the second quarter, with revenue little changed from the year-earlier period.
The Denver, Colorado-based B2B software maker said margins on license fee revenue are lower than expected. License fee revenue is running about 20 percent ahead of last year, and it will record a net profit after gains, the company said, adding that it “remains very healthy,” with about $400 million in cash and investments.
“As expected, this has been a transitional quarter for J.D. Edwards and the enterprise software market,” said President and Chief Executive Officer Ed McVaney.
Results for the quarter will be reported May 24th. Before the company’s announcement, analysts were predicting earnings of 2 cents a share.