Updated from 3:46 p.m. EDT
warned investors Friday that its fiscal first-quarter earnings will fall significantly short of Wall Street estimates, making it the latest in a bevy of technology companies that have issued advanced notice of lower quarterly earnings.
Compuware, seller of software and services that test, maintain, and debug computer software and systems, said its earnings for the quarter ended June 30 are likely to be in a range between 7 and 9 cents a share, roughly half of the 15 cents a share forecast by a consensus of Wall Street analysts from
First Call/Thomson Financial
Compuware said its software sales fell short of expectations, but its consulting services business performed as expected, even though margins in the service business will be negative.
"We are very disappointed with our software sales results," said Beth Chappell, executive vice president of investor relations at Compuware.
In afternoon trading, Compuware finished down 1 3/32, or 11%, at 9 5/32.
The company is one of several technology companies that have recently issued earnings warnings for the latest quarter.
, which also sells products and services to detect software bugs, said Thursday that it
expects to lose 33 to 38 cents a share in the second quarter, compared to a First Call/Thomson Financial estimate of 19 cents a share. On Thursday, software maker
warned that its quarterly earnings would fall short of estimates. Wednesday, several companies, including
, all issued
earnings warnings as well.The week's rash of profit warnings were kicked off by
, which issued a
warning late Monday night after stock markets had closed for the July 4th holiday.