Short Take: Marcam Solutions stock falls on earnings report
Shares in manufacturing software-maker Marcam Solutions fell more than 28 percent after the company reported net income of $13,000 and an operating loss of $2.3 million, excluding reversal of restructuring and other charges. Marcam reported third-quarter revenues of $31 million, a 40 percent increase from the year-ago quarter. The company was trading at 12.68, having traded as high as 19.5 and as low as 5 during the past 52 weeks.
Shares in manufacturing software-maker fell more than 28 percent after the company reported net
income of $13,000 and an operating loss of $2.3 million, excluding reversal
of restructuring and other charges. Marcam reported third-quarter revenues
of $31 million, a 40 percent increase from
the year-ago quarter. The company was trading at 12.68, having traded as
high as 19.5
and as low as 5 during the past 52 weeks.