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.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
