Manugistics Group posted a smaller-than-expected loss in its fourth quarter Thursday, losing $1.1 million, or 4 cents a share, on sales of $43.7 million.
First Call consensus expected the enterprise software vendor to lose 6 cents a share in the quarter.
Manugistics (Nasdaq: MANU) shares closed off 1 1/8 to 56 1/2 ahead of the earnings report.
In the quarter, it recorded licensing revenue of $22 million, up 45 percent from the year-ago quarter when it posted $15.2 million in sales.
In the year-ago quarter, Manugistics lost $71.2 million, or $2.66 a share, on sales of $40.4 million.
"As demonstrated by the results of our fourth quarter, the company is tracking ahead of the strategic plan that I established as the new chief executive officer in June 1999," said CEO Greg Owens in a prepared release. "We have completed the turnaround and are fully focused on our business-to-business growth strategy."
Its shares moved up to a 52-week high of 61 3/4 earlier this month after falling to a low of 5 1/4 in April.
Six of the 10 analysts following the stock maintain a "hold" recommendation.
First Call consensus expects it to earn 17 cents a share in fiscal 2001.