Shares of E2open Parent Holdings, Inc. (NYSE: ETWO) plunged over 20% in pre-market trading on Tuesday after the supply chain management software company lowered its fiscal 2025 guidance, citing a weaker growth outlook.
The company reported second-quarter revenue of $152.19 million, missing analyst estimates by $5.68 million, and a non-GAAP EPS of $0.05, in line with expectations. However, the larger disappointment came from its revised guidance.
E2open now expects fiscal 2025 GAAP subscription revenue to range between $526 million and $532 million, reflecting a negative 1.5% organic growth rate, down from the previous range of $532 million to $542 million. Total GAAP revenue guidance for the year was also lowered to $607 million to $617 million, implying a negative 3.6% organic growth rate.
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