Shares of Wind River Systems(WIND Quote) were among technology's losers Thursday, sinking 22% after the software company posted weaker-than-expected fourth-quarter results and offered first-quarter guidance that was well below Wall Street's forecasts.
The company earned $10.3 million, or 11 cents a share, in the fourth quarter, with revenue of $70.2 million. Analysts surveyed by Thomson First Call expected earnings of 12 cents a share and revenue of $74.2 million. Last year, the company posted adjusted earnings of $6.1 million, or 7 cents a share, on revenue of $63.2 million.
For the first quarter, Wind River expects earnings of 3 cents to 4 cents a share excluding stock-based compensation costs. The company predicts sales of $65 million to $67 million. Analysts project earnings of 8 cents a share and sales of $71.5 million. Shares were trading down $3.36 to $12. ...
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