CNET también está disponible en español.

Ir a español

Don't show this again

Ubisoft Forward 2021 Ford Bronco leak iOS 14 public beta The Batman HBO Max spinoff Skype vs. Zoom Ready Player One sequel

Manugistics rises on strong 1Q, upgrade

Manugistics (Nasdaq: MANU) shot up 39 percent Thursday after it reported a first-quarter loss of $1.2 million, or 4 cents a share, on sales of $50.5 million Wednesday, in line with most analysts' estimates.

Shares were up 9 3/16 to 34 11/16. First Call was expecting the company to report a loss of 4 cents a share.

The stock also got an upgrade from Deutsche Bc Alex Brown, who raised the stock from "buy" to "strong buy."

The $50.5 million in sales represents a 29 percent improvement from the year-ago quarter when it earned $400,000, or 1 cent a share, on sales of $39.2 million.

In the quarter, Manugistics' licensing sales surged to $26 million, up 98 percent from the $13.1 million it recorded in the year-ago quarter.

Last quarter, Manugistics beat the Street estimate when it posted a loss of $1.1 million, or 4 cents a share, on sales of $43.7 million.

The company competes with i2 technologies (Nasdaq: ITWO) and Logility (Nasdaq: LGTY).