Double-Take Shrs Plunge On Q3 Warning
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.”