Interactive Intelligence Down 20% On Q2 Profit Warning
Interactive Intelligence (NASDAQ: ININ) shares plunged more than 20 percent in after-hours action as the company warned that second-quarter results will be below expectations.
Interactive CEO Donald Brown said delays in signing expected deals, as well as deferred revenue from two signed contracts are to blame for the shortfall.
The company expects to post a loss excluding items of $6 million to $7 million, on revenue of $78 million to $80 million.
The average forecast of analysts called for break-even earnings on revenue of $86.97 million.
Including stock compensation expense of $3.7 million and acquisition-related expense of $1.2 million, the net loss is expected between $11 million and $12 million.
In after-hours trading, Interactive was changing hands at $39.50, down 20.97 percent.
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