Shares of E2open Parent Holdings (NYSE:ETWO) plunged at the time of writing after it reported earnings for its fourth quarter of Fiscal Year 2023. Adjusted earnings per share came in at $0.07, which matched analysts’ consensus estimates. Sales increased by 15.3% year-over-year, with revenue hitting $166.3 million. This was $5 million below expectations.
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Looking forward, management now expects revenue and subscription revenue for Fiscal Year 2024 to be in the ranges of $655 million to $670 million and $131 million to $134 million, respectively. For reference, analysts were expecting $657.14 million in revenue.
A look at the past five trading days for ETWO stock highlights the level of impact today’s news had on it. Indeed, shares plunged over 27% at the time of writing. As a result, investors are now down 26.25% during this timeframe.