Here's the company that got me thinking about these issues. Two press releases, issued by the same news service, about the same earnings report, 86 minutes apart. Did this company make or lose money? Do you suppose someone wrote the first press release and the company complained, and got it to rewrite it in a more favorable light?
Thursday September 21 5:08 PM ET
Manugistics Reports Loss, Says Acquiring Talus
NEW YORK (Reuters) - Internet business services company Manugistics Group Inc. (NasdaqNM:MANU - news) reported a fiscal second quarter loss of 3 cents per share, falling short of analyst expectations.
Analysts expected the company to break even, according to consensus estimates measured by First Call/Thomson Financial.
The Rockville, Md.-based company also said it has signed an agreement to acquire privately-held Talus Solutions Inc. for about $366 million in stock.
Manugistics said in a release that Talus, which focuses on pricing and revenue optimization for business, reported about $40 million in revenue in fiscal year 1999.
Manugistics also said its own total revenues had increased 72 percent to $58.2 million compared to $33.8 million from the same quarter of last year.
Shares of Manugistics traded down 1/4 to $86-7/8 on the Nasdaq exchange, off their 52-week high of $95-7/8.
dailynews.yahoo.com
Thursday September 21 6:35 PM ET
Manugistics Posts Earnings of 3 Cents a Share
NEW YORK (Reuters) - Internet business services company Manugistics Group Inc. (NasdaqNM:MANU - news) on Thursday reported fiscal second-quarter net income, excluding the expense of non-cash stock compensation to its employees, of $1 million, or 3 cents a diluted share -- beating analysts' expectations.
Analysts had expected the company to break even, according to a consensus of estimates tracked by First Call/Thomson Financial.
The Rockville, Md.-based company's latest results mark a reversal from the year-ago quarter, when Manugistics reported a net loss of $3.4 million, or 13 cents per share.
Manugistics, in a statement, said that if its expense of non-cash stock compensation to employees is included, its fiscal second-quarter results would be a net loss of $19.68 million, or 69 cents per share. The expense is related re-priced stock options granted to employees in January 1999.
The company also said it has signed an agreement to acquire privately held Talus Solutions Inc., of Atlanta, for about $366 million in stock.
Manugistics said in a statement that Talus, which provides software to manage pricing and revenue for business, reported about $40 million in revenue in fiscal year 1999.
Manugistics also said its own total revenues had increased 72 percent to $58.2 million in its fiscal second quarter from $33.8 million in the same quarter a year ago.
The stock of Manugistics slipped 1/4 to $86-7/8 on the Nasdaq, below its 52-week high of $95-7/8. The year low for the stock was $9-1/16.
dailynews.yahoo.com |
