Reuters logo
Compuware estimates fourth quarter results below Street
April 3, 2013 / 8:20 PM / 4 years ago

Compuware estimates fourth quarter results below Street

April 3 (Reuters) - Business software maker Compuware Corp estimated fourth-quarter results way below analysts estimates, citing delays in closing several deals.

The company estimated adjusted earnings of 5 cents to 6 cents per share on revenue of $237 million to $241 million in the quarter ended Mar. 31.

Analysts on average were expecting adjusted earnings of 15 cents per share on revenue of $272.8 million, according to Thomson Reuters I/B/E/S.

“A large number of deals we had anticipated closing in Q4 were pushed into the new fiscal year, significantly impacting our results,” Compuware CEO Bob Paul said.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below