BMC Software Drops on Warning; Peregrine Systems Rises on Results - TheStreet

BMC Software

(BMCS)

was down 7.5% in early afternoon after reaching a new intraday low of $13. The company said second-quarter earnings would be 10 to 12 cents per share, below the

First Call/Thomson Financial

estimate of 24 cents and the year-ago result of 44 cents.

Peregrine Systems

(PRGN)

, another software company, rose 19.3% after it said second-quarter results would meet or beat the Street's estimate of 11 cents per share.