Smith Micro Software (SMSI) Prelim. Q3 Revenue Misses Expectations
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
Smith Micro Software (NASDAQ: SMSI) announced preliminary revenue results for its fiscal third quarter ended, September 30, 2016. Preliminary revenue for the quarter is expected to be approximately $6.5 million, which is below the company's previously announced guidance of revenue in the range of $7.9 million to $8.4 million.
*** The Street sees revenue of $8.2 million.
Revenue during the quarter was significantly impacted by several large deals that were not closed as expected. We still expect to close these deals in subsequent quarters. The company will provide more details on its upcoming earnings conference call scheduled for October 26, 2016.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NeoGenomics (NEO) Tops Q3 EPS by 1c; Boosts FY16 EPS Outlook
- AGCO Corp. (AGCO) Tops Q3 EPS by 14c
- Logitech (LOGI) Tops Q2 EPS by 10c
Create E-mail Alert Related CategoriesCorporate News, Guidance, Hot Corp. News, Hot Guidance, Trading Halts
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!