Tibco Software Tumbles On Q2 Earnings, Soft Outlook

By | June 20, 2014

Scalper1 News

Business intelligence software firm Tibco Software (TIBX) disappointed investors with a steep drop in second-quarter earnings and soft guidance for Q3. Tibco stock was down more than 7%, near 19, in morning trading on the stock market today. Late Thursday, the Palo Alto, Calif.-based company reported fiscal Q2 adjusted earnings of 14 cents a share, down 22% from the same quarter last year, on sales of $254 million, up 3%. Adjusted earnings matched Scalper1 News

Scalper1 News