SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : HARBINGER (HRBC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Gould who wrote (132)7/8/1998 8:56:00 AM
From: Mike Gould  Read Replies (1) of 402
 
From The Wall Street Journal
Harbinger Corp. said its earnings growth would fall short of analysts'
expectations, news that sent its stock tumbling 29%. In a preliminary statement
of results, the Atlanta supplier of software and services for electronic
commerce said its second-quarter earnings were 10 cents a diluted share, up
from seven cents a year earlier but about 15% below analysts' consensus
forecast. Harbinger said revenue was between $35 million and $36 million, up
about 25%, but 5% shy of analyst forecasts. In Nasdaq Stock Market trading,
Harbinger shares plunged $6.125 to $14.75. The company said its results were
hurt by a delay in the shipment of about $1 million of software. Harbinger said
it expects to set targets for operating-income growth of about 50% for the
third and fourth quarters. Joel Katz, chief financial officer, said analysts
were expecting operating income to grow about 90% in the third quarter and 70%
in the fourth quarter.
(END) DOW JONES NEWS 07-07-98
11:43 PM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News