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QAD beats analysts’ revenue estimates but stock falls

By   /   Wednesday, March 20th, 2019  /   Comments Off on QAD beats analysts’ revenue estimates but stock falls

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Updated at 2:45 p.m. March 21: Summerland-based enterprise software firm QAD reported $333 million in revenue for its fiscal 2019, ended Jan. 31, beating analyst estimates with a 9 percent increase over the prior year. But QAD stock fell sharply March 21, shedding 10.3 percent to close at $30.04. Revenue rose 2 percent in fourth…

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