By Adriano Marchese

DesCartes Systems Group shares fell after the company missed fourth-quarter expectations and said that the current trade environment adds uncertainty to the business.

Shares traded 9.3% lower at 144.20 Canadian dollars ($100.55).

The Canadian technology company, which focuses on logistics and supply chain management software, said late Wednesday that it generated $167.5 million in quarterly revenue, up from $148.2 million, but slightly below analyst expectations of $168.3 million, according to FactSet.

Net income rose to $37.4 million from $31.8 million, which on a per-share basis was a rise to 43 cents from 37 cents. Analysts forecasted 42 cents.

In an earnings call, Chief Executive Edward Ryan said the tariff situation has made it difficult for its customers to make decisions, causing "a ton of uncertainty." He noted that while it may cause volatility in its own quarterly results, he said it doesn't change the company's targets.

"With the business uncertainty that our customers are facing now, it's quite possible that Descartes quarterly patterns of distribution of growth this fiscal year may be different than in past years, though the annual goal remains the same," Ryan said in the call.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 06, 2025 11:18 ET (16:18 GMT)

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