Why E2open Shares Plunged
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What: Shares of E2open have plunged today by as much as 28% after the company reported fourth-quarter results.
So what: Non-GAAP revenue in the fourth quarter totaled $18.1 million, shy of the $19.7 million in adjusted sales that investors were expecting. The bottom line also registered a miss, with the adjusted loss of $0.06 coming in below the consensus estimate of a $0.05 per share non-GAAP net loss. CEO Mark Woodward's comments about the company adding a record number of new customers in the quarter didn't make investors feel any better.
Now what: Guidance also left a lot to be desired. First quarter revenue is expected in the range of $15 million to $15.5 million, while the Street thought $20 million was in order. Non-GAAP net loss is guided to $0.18-$0.22 per share, similarly falling short of the $0.03 per share loss that most were expecting. Full-year sales outlook is for $75 million to $77 million.
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The article Why E2open Shares Plunged originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.