Great Plains Software beat analysts' reduced estimates by a couple cents a share Tuesday, earning $1.6 million, or 9 cents a share, on sales of $59.6 million.
Ahead of the earning report, Great Plains (Nasdaq: GPSI) shares closed off 5/8 to 19 13/16.
First Call Corp. consensus predicted it would earn 7 cents a share in the quarter.
Earlier this quarter, Great Plains warned that sluggish sales would result in lower-than-expected sales and earnings.
At the time, company officials said it would earn between 5 cents to 10 cents a share.
The $59.6 million in sales marks a 48 percent improvement from the year-ago quarter when it earned $4.6 million, or 29 cents a share, on sales of $40.1 million.
For the year, it earned $13.3 million, or 80 cents a share, on sales of $195 million.
Its shares moved up to a 52-week high of 83 1/2 in January before falling to a low of 19 earlier this month.
Four of the five analysts following the stock rate it either a "buy" or "strong buy" recommendation.
First Call Corp. consensus expects Great Plains to earn $1.48 a share in fiscal 2001.
Facebook wants to show it's a force for good amid scandals: At Facebook's Communities Summit, the social network unveils updates to tools for blood donations, nonprofits and mentorships.
Qualcomm-FTC lawsuit: Everything you need to know: The antitrust case could decide how smartphones get made in the future -- and what they cost.
Discuss: Great Plains tops reduced 4Q estimates
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.