Marimba Dives 46% on Steep Loss Forecast - TheStreet

Marimba

(MRBA)

dropped 45.5% in preopen

Island

trading after warning it would lose 13 to 17 cents a share in the third-quarter not counting a one-time charge. With the charge, the loss will be 16 to 20 cents.

The Street estimate was for a profit of 4 cents a share. The Internet infrastructure software company blamed expected sales that were not concluded during the quarter.