WebMethods Reports Lowered 1Q Earnings
Citing weakness in its North American commercial business, the integration software maker announced disappointing preliminary first-quarter earnings.Citing weakness in its North American commercial business, integration software maker webMethods Inc. announced disappointing preliminary first-quarter earnings this morning. The Fairfax, Va., company expects to report greater-than-expected losses for the quarter ended June 30. WebMethods is expected to report total revenue in the range of $42 million to $43 million, somewhat shy of the $45 million to $50 million the company gave guidance for in April.
For the quarter webMethods also expects to report a net loss per share of 13 cents to 15 cents per sharewell below the guidance given in the spring.