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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: 2MAR$ who wrote (573)4/19/2001 6:42:08 AM
From: 2MAR$  Read Replies (1) of 762
 
ITWO ( $18 unchanged ) I2 Sees Pro-Forma Loss in Coming Quarters

DALLAS (Reuters) - Business-to-business software maker i2 Technologies Inc. (NasdaqNM:ITWO - news) on Wednesday said it expected second-quarter revenues to be below its first-quarter revenues of $356 million because of the slowing U.S. economy.

For the quarter the company said it expects to earn between $250 million to $300 million and record a pro-forma loss instead of a profit.

Analysts had expected the company to record an average profit of 4 cents a share without acquisition-related and other charges, with estimates ranging from 7 cents to a loss of 2 cents a share, according to Thomson Financial/First Call.

Revenues were expected to be $367.2 million, according to research firm Thomson Financial/First Call.

The company said it also expected to record a pro-forma net loss in the third quarter and return to profitability in the fourth quarter.

For 2001, the company said it now expects revenue to grow 15-20 percent above the previous year's $1.126 billion, or to between $1.295 billion and $1.352 billion. Analysts had expected the company to book $1.54 billion for the year.

On Wednesday, the company met lowered expectations and reported first-quarter earnings of $7.5 million, or 2 cents a share, compared with $13 million, or 4 cents a share in the prior-year quarter. The results exclude amortization of intangibles, nonrecurring items and employer
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