Group 1 Software
warned that its third-quarter results would be below analyst expectations. The software maker's new guidance calls for revenue of $22 million and earnings per share of 16 cents to 18 cents.
Analysts had been expecting 27 cents a share, according to Thomson Financial/First Call.
The company attributed the lowered expectations to weak market demand, particularly in Argentina.
Shares of Group 1 closed down 4 cents to $16.14 before the warning Monday.