Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC Raises Opinion on I2 Technologies


I2 Technologies (ITWO) posted second quarter earnings per share (GAAP basis) of $1.66. CIBC raised its investment rating on the shares to sector perform from sector underperform.

Analyst Brad Reback says the company's second quarter report showed evidence that its recent restructuring has taken hold, resulting in expenses falling well below revenues for first time in years. Reback says that with I2's debt gap almost closed, and expenses in line, the worst appears to be behind the company. He notes that second quarter adjusted EPS totaled $1.07, revenues were $98.6 million, up from his estimates of a 25-cent loss and $72.2 million in revenue. Reback cites better-than- expected development service and license revenue.

The analyst raised his 21-cent third-quarter loss estimate to earnings per share of 50 cents on $83 million in revenue, his $1.98 2005 loss estimate to 89 cents EPS on $297 million in revenue, and his 23 cents 2006 loss estimate to $1.24 EPS on $327 million in revenue.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus