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Technology Stocks : Carreker-Antinori, Inc. (Nasdaq: CANI)

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To: Milk who started this subject8/7/2001 1:39:02 PM
From: axp   of 18
 
Carreker expects .01/share vs anticipated .13/share

Carreker (CANI: news, chart, profile) shares plunged 14 percent after the company said it expects second-quarter results excluding one-time items to range between breakeven and a profit of a 1 cent a share, while analysts polled by First Call anticipated a profit of 13 cents a share. Revenue is expected to be 12 to 13 percent below its previous expectation of $38 million. The Dallas provider of online finance products attributed the shortfall to the delay of revenue from "two key engagements expected by our Revenue Enhancement Group." Carreker has received the contract on one of these deals while the decision meeting on the other has slipped three to four weeks into the third quarter.
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