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QAD Inc.: Fiscal 3Q Earnings Snapshot

Last Updated Nov 24, 2020 at 5:26 pm EST

SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADB) on Tuesday reported fiscal third-quarter profit of $3.2 million.

On a per-share basis, the Santa Barbara, California-based company said it had net income of 16 cents. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The manufacturing software maker posted revenue of $76.7 million in the period.

QAD Inc. shares have dropped 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33, a fall of 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QADB at https://www.zacks.com/ap/QADB

The Associated Press