I2 Tech down on revenue miss on services, booking weakness | VailDaily.com

I2 Tech down on revenue miss on services, booking weakness

NEW YORK – I2 Technologies Inc. stock fell Tuesday in the first day of trading after the Dallas maker of supply-chain systems recorded a disappointing third quarter and said it could experience flat growth in the fourth quarter.Shares of I2 fell $7.08, or 34 percent, to close at $13.82 on the Nasdaq Stock Market.The Dallas-based company late Monday said it earned $8.6 million, or 33 cents a share, on revenue of $69.2 million in the third quarter.Analysts were expecting earnings of 38 cents a share on revenue of $85.1 million, according to Thomson Financial.In the same period a year earlier, it earned $17.1 million, or 75 cents a share, on revenue of $111.1 million.I2 Technologies’ Chief Financial Officer Michael Berry said that because the company plans to invest in sales and services, fourth-quarter operating earnings will be equal or less than the third quarter’s than the third quarter, according to a transcript from CallStreet.com.I2 has been restructuring to focus on the specific needs of each industry it serves and to offer improved supply-chain management practices.The new structure combines sales, services and industry marketing into four focus areas: consumer goods, retail and distribution, high tech, and automotive, aerospace, industrial and metals.Vail, Colorado

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