E2open Earnings: Here’s Why Investors are Selling Shares Now
E2open Inc (NASDAQ:EOPN) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 28.38%.
E2open Inc Earnings Cheat Sheet
Revenue: Rose 6.28% to $18.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.06 per share. By that measure, the company missed the mean analyst estimate of $-0.05. It missed the average revenue estimate of $19.68 million.
Quoting Management: “E2open closed out fiscal 2013 with record bookings as customers across a range of vertical markets are increasingly realizing that collaborative execution is a core component of their supply chain strategy,” said Mark Woodward, E2open’s President and CEO. “We added a record number of new customers in the quarter as well as during the fiscal year, which is further evidence of our strong momentum, leadership position and value proposition.”
Key Stats (on next page)…