Reuters: Global Markets: JDA Software forecasts FY below estimates; shares slip

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JDA Software forecasts FY below estimates; shares slip Aug 6th 2012, 21:32 Mon Aug 6, 2012 5:32pm EDT (Reuters) - JDA Software Group Inc (JDAS.O), which makes supply chain management software, reported quarterly revenue that missed analysts' expectations and forecast full-year results well below Wall Street estimates, sending its shares down 9 percent in extended trade. The company expects full-year adjusted earnings of $2.05 to $2.20 per share on revenue of $675 million to $690 million. Analysts were expecting earnings of $2.31 per share, excluding items, on revenue of $711.7 million, according to Thomson Reuters I/B/E/S. Net income for the second-quarter was $10.6 million, or 25 cents per share, compared with $12.7 million, or 30 cents per share, a year earlier. Excluding items, the company earned 54 cents per share. Revenue rose 2 percent to $168.8 million. Analysts had expected earnings of 52 cents per share on revenue of $173.4 million. Shares of the Scottsdale, Arizona-based company fell $2.67 to $27.82 in after-market trading. They closed at $30.49 on the Nasdaq on Monday.

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