Descartes Systems meets 3Q net income expectations, misses revenue forecasts

WATERLOO, Ont. – WATERLOO, Ontario (AP) _ The Descartes Systems Group Inc. (DSGX) on Thursday reported fiscal third-quarter net income of $5.2 million.

On a per-share basis, the Waterloo, Ontario-based company said it had net income of 7 cents.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The logistics provider posted revenue of $47.4 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $47.9 million.

Descartes Systems shares have climbed 31 per cent since the beginning of the year. The stock has risen 25 per cent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DSGX at


Keywords: Descartes Systems, Earnings Report