Tags: Tibco | Software | Shares | Outlook

Tibco Software Shares Fall on Disappointing Outlook

Tuesday, 03 June 2014 07:07 PM EDT

Tibco Software Inc estimated a much lower-than-expected profit for the second quarter, hurt by disappointing sales of its software, Spotfire.

The business software maker's shares fell about 15 percent in after-hours trading.

Tibco, whose customers include Delta Air Lines Inc, FedEx Corp and Merck & Co Inc, estimated adjusted earnings of 12-13 cents per share for the quarter ended June 1.

Analysts on average were expecting earnings of 21 cents per share, according to Thomson Reuters I/B/E/S.

The company said it expects revenue of $250-$252 million, below the average analyst estimate of $267.5 million.

Tibco in March forecast adjusted earnings of 20-22 cents per share on revenue of $263-$271 million.

The company will report results for the quarter on June 19.

Tibco's shares were at $17.75 in extended trading after closing at $20.79 on the Nasdaq on Tuesday.

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Tibco Software estimated a much lower-than-expected profit for the second quarter, hurt by disappointing sales of its software, Spotfire. Its shares plunged.
Tibco, Software, Shares, Outlook
138
2014-07-03
Tuesday, 03 June 2014 07:07 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved