said it will miss second-quarter earnings and revenue targets after several transactions were pushed back at the end of the quarter.
Minneapolis-based Plato said it expects to earn 1 cent to 3 cents a share on revenue of $17 million to $17.3 million for its second quarter. Analysts on average were expecting earnings of 9 cents a share, according to First Call.
"While we were on track to accomplish our revenue goals for most of the quarter, there were several quarter-end transactions that were deferred pending further review by decision-makers," said John Murray, chief executive.
The company sells computer-based education products.