Thursday, Epicor Software Corp. (EPIC) reported fourth-quarter net income of $6.7 million or $0.11 per share, compared to net income of $1.5 million or $0.03 per share in the same quarter last year.
On a non-GAAP basis, net income for the quarter was $11.1 million or $0.19 per share, compared to non-GAAP net income of $13.6 million or $0.23 per share in the prior year quarter.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $111.9 million,down from $121.9 million in the comparable quarter last year. Analysts expected the company to report revenue of $104.72 million for the quarter.
Looking ahead to the first quarter, the company expects revenue in the range of $98 million - $100 million, with non-GAAP earnings in the range of $0.10 - $0.11 per share. Analysts currently anticipate the company to earn $0.10 per share on revenue of $99.31 million for the quarter.
The company also appointed Douglas Hajjar to its board, where he formerly served from 1996 to 1999 as a director. His appointment expands Epicor's Board of Directors to eight members.
For comments and feedback: editorial@rttnews.com