(Reuters) - LOS ANGELES, July 10 - Compuware Corp.'s
chief said on Tuesday he was "extremely disappointed" by its
break-even results in the latest quarter and that it would cut
costs further, sending the company's shares down 18 percent.
The business software developer said it expects to report a
break-even first quarter on sales of about $278 million. Wall
Street analysts, on average, had forecast a net profit of 12
cents on revenue of $301.6 million, according to Reuters
Estimates.
Read more at Reuters.com Market News
chief said on Tuesday he was "extremely disappointed" by its
break-even results in the latest quarter and that it would cut
costs further, sending the company's shares down 18 percent.
The business software developer said it expects to report a
break-even first quarter on sales of about $278 million. Wall
Street analysts, on average, had forecast a net profit of 12
cents on revenue of $301.6 million, according to Reuters
Estimates.
Read more at Reuters.com Market News
No comments:
Post a Comment