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Parametric Tech Cuts Revenue Outlook
Manufacturing-software developer Parametric Tech(PMTC Quote) warned Thursday that revenue for the third quarter would come in below its previous guidance.
The stock plunged $4.07, or 18.9%, to $17.50 in recent after-hours trading.
Revenue will be approximately $225 million, well short of previous expectations for revenue in the $235 million-to-$240 million range. Earnings will also be affected, according to the Needham, Mass., company. ...
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