DemandTec posts deeper 1st-quarter loss as costs increaseBy AP
Thursday, July 2, 2009
DemandTec posts wider 1Q loss
SAN CARLOS, Calif. — Price-management software company DemandTec Inc. posted a wider net loss Wednesday for its fiscal first quarter, hurt by charges and higher costs even as revenue inched higher.
For the three months ended May 31, the company posted a net loss of $3.7 million, or 13 cents per share, compared with a loss of $1 million, or 4 cents per share, a year earlier.
Excluding items, the company’s per-share results for the latest quarter were break-even.
Revenue rose 8 percent to $19.5 million from $18.1 million.
Analysts, on average, were expecting a loss of 2 cents per share on sales of $19.4 million, according to a poll by Thomson Reuters. Analysts’ estimates usually exclude items.
“We are pleased that our revenue and (adjusted) operating results met or exceeded our guidance for the quarter, despite the continued level of uncertainty in the economy,” said Dan Fishback, president and CEO, in a statement.
The quarter’s operating costs climbed 21 percent to $16.8 million.
The company’s shares slid 6 cents to $8.85 in after-hours trading after the quarterly results were released. The stock had closed up 11 cents at $8.91 in the regular session.