Double-Take Shrs Plunge On Q3 Warning

October 6, 2008 at 1:37 pm PT

Double-Take Software (DBTK) shares fell sharply after the company earlier today said third quarter results would come in shy of previous guidance.

The company now sees revenue of $23.8 million to $24 million, below its previous view of $25.7 million to $26.3 million. Double-Take sees non-GAAP profits of 14-15 cents a share, down from its previous guidance of 15-16 cents.

“In the latter part of September customers delayed closings on a number of expected deals in both Europe and in the American regions.”

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Tagged with: Barrons, Double-Take Software, Eric Savitz, frontpage, Tech Trader Daily

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