J.D. Edwards beats 3Q estimate

J.D. Edwards & Co. (Nasdaq: JDEC) topped analyst estimates in the third quarter and met its own previously announced expectation.

After market close Wednesday, the vendor of supply chain management software and services reported a fiscal third quarter profit of $2.3 million, or 2 cents per share, excluding amortization and one-time events. First Call's survey of two analysts predicted earnings of a penny per share for the quarter ended Aug. 3.

Shares of J.D. Edwards traded at 23 5/16 in afterhours trading on the Island electronic communications network, following the quarterly report. J.D. Edwards stock closed Wednesday's regular trading at 23 1/2, down 5/16 for the session.

Earlier this month, J.D. Edwards said it expected report third quarter net income of 2 cents per share.

Including all expenses and items, J.D. Edwards lost $22.6 million, or 21 cents per share.

Third quarter revenue of $261.1 million was slightly above the $240 million to $260 million range anticipated by J.D. Edwards in its preannouncement almost three weeks ago.

License fees rose 56 percent year-over-year to $116.7 million, higher than the predicted range of $109 million to $114 million. Half of that license total came from contracts valued at more than $1 million, the company said.

Services revenue of $144.4 million was down from $157.1 million in the year-ago quarter.>