SCOTTSDALE, Ariz. (AP) — Shares of JDA Software Group Inc. tumbled in aftermarket trading Tuesday after it said the Securities and Exchange Commission is requesting information about some of its past financial reports.
JDA said the SEC requested information related to revenue recognition and other accounting and financial-reporting matters for “certain past fiscal years.”
“JDA is actively cooperating with the SEC and is committed to addressing any questions the SEC may have,” the company said. It did not provide further details.
The company, which makes supply-chain management software, made the disclosure in its fourth-quarter earnings report, issued after the close of trading on Wall Street. JDA’s shares were down $2.97, or 10 percent, in extended trading to $26.50.
Scottsdale-based JDA posted a loss of $1.4 million, or 3 cents per share, for the quarter that ended Dec. 31 due to restructuring, acquisition and other costs. That’s down from a profit of $5.8 million, or 14 cents per share, in the same quarter last year.
After adjusting for a number of special items, the company earned 65 cents per share versus 61 cents per share in the prior period.
Its revenue rose to $174.2 million from $168.8 million, helped by gains in its software and subscription revenues overseas.
Analysts polled by FactSet anticipated the company would earn 65 cents per share on revenue $172.8 million.
The company said that for the full year its profit rose to $71 million, or $1.66 per share, versus $17.7 million, or 42 cents per share, for the prior year. It earned $2.20 for the year on an adjusted basis versus $1.95 in the prior year.
Revenue for the year increased to $671.8 million from $617.2 million.