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Lawson Shares Up on Higher Fourth-Quarter Earnings Outlook

Lawson Software shares jumped Wednesday after the company raised its fourth-quarter earnings and revenue forecast on better than expected sales.

The St. Paul, Minn., business software company said it has sold more Lawson System Foundation platforms than previously forecast, and added 2 cents to its per-share forecast.

In April, the company said it expected its bottom line for the fourth quarter to range from a loss of 2 cents to a profit of 3 cents.

Lawson also estimated revenue at $201 million to $208 million, That's up from the company's April revenue projection of $187 million to $195 million.

Lawson shares added $1.20, or 12.9 percent, to $10.53 in premarket electronic trading, from their Tuesday close at $9.33.