By Will Sturgeon, 4 December 2001 11:35
NEWS Supply chain software firm JD Edwards has seen its share price rise and then fall on the back of its fourth quarter profit. Shares went up 13 per cent to $15.19 in after hours trading on Monday after the company announced profit of $20.4m, or 18 cents per share, compared to $12.3m or 11 cents per share for the comparable quarter last year. However, the initial surge was tempered by a warning over coming quarters for which the company is offering conservative growth expectations. The share price fell to settle at around $12.27.
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