i2 Technologies provides preliminary Q4 and FY results
i2 Technologies, Inc. (Nasdaq: ITWO) disclosed preliminary fourth-quarter and full-year revenues that are expected to clock in below expectations, while earnings are expected to be within the lower end of the company’s guidance range.
For the fourth quarter, ended Dec. 31, 2007, the company said it expects to earn total revenue of between $63 million and $64 million, below the $68.63 million three analysts polled by Thomson Financial were on average forecasting. The expected revenue range for the fourth quarter also fell below the company’s previous guidance for revenues slightly above third quarter revenue, which was $66.5 million.
For the fiscal 2007 full year, i2 said it anticipates revenues of $260 million to $261 million, below the consensus of three analysts surveyed by Thomson Financial of $264.86 million. The expected revenues are also below the firm’s previously forecasted range of between $263.5 million and $266.5 million.
For the year the company expects earnings in the range of $0.54 to $0.56, which would clock in at the lower range of the company’s previous guidance of earnings between $0.55 and $0.65 per share. Last year the firm had earnings of $1.27 per share.
For the fourth quarter, i2 Technologies said it expects earnings in the range of $0.18 to $0.20, which would represent a decline from the $0.52 earned in the fourth quarter of 2006.
i2 Technologies said it will discuss actual results as well as provide an update on the progress of its strategic review committee and the search for a permanent CEO on Feb. 7. The company formed a strategic review committee in November to evaluate various strategic options.
Shares of i2 Technologies (ITWO) slid 4.15%, or $0.52, to $12.00 ahead of the opening. Shares of i2 Technologies have been trading in the range of $11.50 to $27.46 for the past 52 weeks.
