FalconStor Software (FALC) Misses Q2 EPS by 2c, Guides In-line for FY; Approve Increase in Stock Buyback
More News related to FALC
- STORDIS and FalconStor Partner to Create an InfiniBand-Based Storage Appliance for the High Performance Computing Market
- Noble Financial 2009 Fifth Annual Equity Conference Presenting Company Profiles
- FalconStor(R) VTL Delivers the Fastest Backup Processes in the Industry - Including Backup, Deduplication, Replication, Tape Export, and Data Restore
- FalconStor and Global Data Vault Provide Data Protection and Recovery for TechWeb's Interop IT Physical and Virtual Server Environments
- FalconStor Software Chairman and CEO ReiJane Huai Named Ernst & Young Entrepreneur Of The Year(R) 2009 Award Finalist in Metro New York Region
FalconStor Software Inc. (Nasdaq: FALC) reports Q2 EPS of $0.05, 2 cents worse than the analyst estimate of $0.07. Revenues for the quarter were $22.2 million, versus the consensus of $23.51 million.
Sees FY08 revenues in the range of $100-$104 million vs. $103.09 million consensus. Sees FY08 Non-GAAP EPS between $0.31-$0.36 vs. $0.34 consensus.
The Company also announced that its Board of Directors approved another increase in the size of its Stock Repurchase Program by an additional three million shares. The Company has already repurchased 3.7 million shares. As a result of this increase, the Company may repurchase up to 4.3 million additional shares.
Related Categories
EarningsGuidance
Stock Buybacks
Stocks Mentioned
-0.33Sign 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!
