I2’s Quarter Will Be Weaker Than Expected
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Reuters
Business-to-business software company I2 Technologies Inc. warned that its second-quarter results will be lower than expected, citing worsening market conditions and an overreliance on multimillion-dollar deals.
Dallas-based I2, which makes software that lets companies share their inventory and planning data with suppliers over the Web, said it anticipates a loss of about 12 cents a share, excluding a 4-cent-a-share bad debt charge.
Analysts on average were expecting a loss of 6 cents.
Despite the bad news, shares of I2 rose 34 cents to $18.57 on Nasdaq.