Earnings Roundup: LWSN, NUHC
Thursday, July 08, 2021 6:22 PM

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Lawson Software, Inc. (NASDAQ: LWSN) on Thursday posted fourth-quarter profit that met analysts’ estimates and forecast full-year profit that fell short of Wall Street expectations. Net income dropped to $2.63 million, or 2 cents per share, from $8.64 million or 5 cents per share in the prior-year period. Adjusted net income rose to $19.9 million or 12 cents per share, from $17.1 million or 10 cents per share in the comparable quarter. Revenue climbed 6% to $197.03 million from $186.21 million in the same quarter last year. Analysts, on average, expected the company to report earnings of 11 cents per share on revenue of $198.70 million. Looking ahead to the fiscal first quarter, the company anticipates GAAP earnings per share in the range of 1 cent to 2 cents. Non-GAAP fully diluted earnings per share are forecasted to be in the range of 8 cents to 9 cents. The company estimates total revenues of $168 million to $172 million. Non-GAAP total revenues are expected to be in the range of $170 million to $174 million, including approximately $2 million of revenues impacted by purchase accounting adjustments. 

"Lawson delivered strong performance in our fourth quarter of fiscal 2010 to cap off a successful year," said Harry Debes, president and chief executive officer. "License revenues grew 13 percent during the quarter, driven in large part by sales in our S3 and M3 strategic growth markets. Organic license revenues grew eight percent, before the benefit from our acquisition of Healthvision. We also generated a company record of more than $161 million in cash flow from operations during the quarter, further validating that we are executing very well against our business strategy."

Shares of Lawson Software slumped more than 3% in after-hours trading.

Nu Horizons Electronics Corp. (NASDAQ: NUHC) said Thursday that it swung to first quarter profit of $3.37 million, or 18 cents per share, compared to a loss of $0.94 million, or 5 cents per share, in the year-earlier quarter. Revenue jumped 42.6% to $210.76 million from $147.75 million in the comparable quarter last year. Analysts, on average, expected the company to report earnings of 13 cents per share on revenue of $180.70 million.

Martin Kent, President and Chief Executive Officer of Nu Horizons stated, "Industry demand momentum continued through the first quarter of our fiscal year 2011. We are pleased to report a fifth consecutive quarter of sequential revenue growth. Revenues increased in all of our geographic segments, with successful diversification reflected in Asia increasing to over one-third of total sales. "

Shares of the company soared more than 9% in extended trading.

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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