2024-07-11 11:23:14 ET
Summary
- E2open Parent Holdings, Inc. Q1 revenues fell below expectations, with subscription revenue down 2.6% from the year-ago quarter.
- Despite efforts to improve business, gross profit, adjusted EBITDA, and adjusted EPS all declined in Q1.
- Fiscal 2025 guidance remains unchanged, with flat growth expected in subscription revenue and total revenue, causing shares to drop.
One of the interesting stories we have been following is that of E2open Parent Holdings, Inc. ( ETWO ). As a reminder, this is a stock that we had some nice trading gains in and after locking in gains, we left some profit in the stock as a long-term house position . This is an investing approach that we like because we can capture pieces of all future capital gains, future spinoffs, dividends, etc....
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E2open Parent Holdings: Turnaround Stalls In Q1