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American Management Drops on Warning

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American Management Systems

(AMSY)

fell 23.3% in preopen

Island

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trading after saying it expects third- and fourth-quarter earnings to come in below estimates due to slowing revenue growth. The company said it expects EPS of 28 to 33 cents for the third quarter excluding certain one-time charges, under the year-ago 43 cents and the Street estimate of 47 cents.