Group 1 Software Lowers Third-Quarter Guidance

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Group 1 Software

(GSOF)

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.