Descartes Systems Q3 Profit Plunges - Quick Facts

Descartes Systems Group (DSGX, DSG.TO) reported third quarter net income of US$988 thousand or US$0.02 per share, compared to US$2.32 million or US$0.04 per share last year.

Adjusted net income was US$5.2 million, up from US$4.6 million in the same quarter last year. Adjusted net income per share was US$0.09, flat with the year ago quarter.

On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of US$0.09 per share. Analysts' estimates typically exclude special items.

Revenues grew to US$18.87 million from US$16.97 million in the prior year quarter. Seven analysts estimated revenues of US$18.48 million.

by RTTNews Staff Writer

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