(Bloomberg) -- Compuware Corp. plunged in extended
U.S. trading after the software maker reported preliminary
first-quarter sales and earnings that missed analysts'
estimates.
Shares of the Detroit-based company dropped $2.17, or 18
percent, to $10 as of 6:52 p.m. in New York. Compuware said
sales totaled about $278 million in the period ended June 30.
The company said it will probably have break-even per-share
earnings for the quarter. Analysts on average estimated sales of
$302.9 million and profit of 10 cents a share, according to a
Bloomberg survey.
Read more at Bloomberg Stocks News
U.S. trading after the software maker reported preliminary
first-quarter sales and earnings that missed analysts'
estimates.
Shares of the Detroit-based company dropped $2.17, or 18
percent, to $10 as of 6:52 p.m. in New York. Compuware said
sales totaled about $278 million in the period ended June 30.
The company said it will probably have break-even per-share
earnings for the quarter. Analysts on average estimated sales of
$302.9 million and profit of 10 cents a share, according to a
Bloomberg survey.
Read more at Bloomberg Stocks News
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