UPDATE: BMC Software Posts Downbeat FQ3 Profit

BMC Software BMC reported an 11% drop in its fiscal third-quarter earnings and lowered its forecast for the fiscal year. BMC Software now projects earnings of $3.35 to $3.45 per share, versus its earlier forecast of $3.49 to $3.59 per share. BMC Software's quarterly profit fell to $106.3 million, or $0.70 per share, from $119.9 million, or $0.71 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $0.99 per share. Its revenue rose 5.8% to $580.2 million. However, analysts were expecting earnings of $1.01 per share on revenue of $587 million. BMC Software shares closed at $44.48 yesterday.