E2open Parent Holdings Sinks 20%+ After Hours on Fiscal Q2 Sales Miss and Weaker Forward Guidance

ETWO fell 20.6% to $3.24 shortly before 4:45 p.m. ET after the firm – which makes software for omnichannel and supply-chain management – reported that sales came in at $152.2 million, below the $154.8 million that analysts' consensus estimate had reportedly called for.

The stock dropped even though overall adjusted earnings per share totaled $0.05 for the three months ended Aug. 31, reportedly matching analysts' consensus expectations.

However, E2open issued downbeat forward guidance. The company said it now expects $607 million-$617 million of revenue for all of fiscal 2025, reportedly down from the $630 million-$645 million that management had previously forecast.

Still, CEO Andrew Appel tried to accentuate the positives in releasing the company's results.

"During the second fiscal quarter, e2open continued to execute our comprehensive, client-focused plan to re-position the company for strong organic growth, and we made important progress in key areas," the chief executive said in a statement.