Attunity (ATTU) Misses Q3 EPS by 13c; Trims FY16 Revenue Outlook

Attunity (NASDAQ: ATTU) reported Q3 EPS of ($0.10), $0.13 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $13 million versus the consensus estimate of $14.92 million.

Cash and cash equivalents were $8.9 million as of September 30, 2016, same as of June 30, 2016. During the third quarter of 2016 we generated positive cash flow from operations of $1.0 million, which was offset by a final earn-out payment of $0.75 million to former Hayes Technology Group shareholders, compared with positive cash flow from operations of $0.4 million for the same period in 2015.

GUIDANCE:

Attunity sees FY2016 revenue of $52.5-55.0 million, versus prior guidance of $58-62 million and the consensus of $57.4 million.

For earnings history and earnings-related data on Attunity (ATTU) click here.

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