Company results pre-announcement...
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Visigenic (NASDAQ:VSGN) sees Q2 loss of $0.24-$0.26/shr
Reuters, Tuesday, October 14, 1997 at 01:11
SAN MATEO, Calif, Oct 14 (Reuters) - Visigenic Software Inc
on Monday said it saw second quarter results coming in below
analysts' expectations.
The company said it anticipated a loss of $0.24 to $0.26 per
share for the period ending September 30, on revenues of about
$5.6 million.
Analysts estimate Visigenic's second quarter loss at $0.13
per share, according to First Call. In the second quarter of
1996, the company reported a loss of $0.18 a share.
"The revenue for our second quarter was lower than expected,
primarily due to the transitions we are undertaking as a
company," said Roger Sippl, chairman and chief executive of
Visigenic, in a statement.
"Over the last year our business has shifted dramatically,
as we've gone from being primarily a database access company to
our business today, where the great majority of our revenue
comes from sales of our object request broker technology," he
said.
Final results are expected to be announced on October 21,
after the close of the market, the company said.
Copyright 1997, Reuters News Service |
