Workforce management software maker ClickSoftware Technologies Ltd. (NASDAQ: CKSW) this morning forecast revenue for its first fiscal quarter at approximately $21.6 million, substantially lower than the $23.4 million consensus analyst estimate. The company said it is leaving its full-year revenue forecast at $100-$105 million. Analysts put the full-year revenue number at $102.9 million.
The company’s CEO said:
While first quarter revenues came in somewhat below expectations, I would not read into this more than a seasonal first quarter softness. We continue to make intense progress with our new mobility initiative and other growth plans, and are very excited with the opportunities in the market.
ClickSoftware’s shares are down about -14% at $10.76 in a 52-week range of 7.12-$13.07.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
