Lawson (LWSN) Punched Up On Earnings

Posted in pre-market 
October 1st, 2009

Lawson Software (LWSN) is moving higher by 8% to $6.73, near its 52-week high, on earnings news.

The company said for its first quarter of fiscal year 2010, which ended Aug. 31, 2009. total revenues of $169 million, were down 11%, or 6% adjusted for currency when compared to the first quarter of fiscal 2009. Software revenues in the quarter increased 1%, or 6% adjusted for currency.

For the second quarter of fiscal 2010, which ends Nov. 30, 2009, the company is providing guidance using foreign exchange rates as of the end of Sept. 2009. Lawson estimates total revenues of $175 million to $180 million. The company anticipates GAAP fully diluted earnings per share will be $0.01 to $0.03.

Douglas A. McIntyre

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