Descartes Systems: Fiscal 1Q Earnings Snapshot

The logistics provider posted revenue of $78 million in the period.

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The Descartes Systems Group Inc. (DSGX) on Wednesday reported fiscal first-quarter profit of $7.3 million.

The Waterloo, Ontario-based company said it had net income of 9 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The logistics provider posted revenue of $78 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $79.2 million.

Descartes Systems shares have climbed 53 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.43, a climb of 31 percent in the last 12 months.

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