FalconStor Software (FALC) Misses Q2 EPS by 2c, Guides In-line for FY; Approve Increase in Stock Buyback
More News related to FALC
- Kaufman Bros. Initiates Coverage on Synnex Corp. (SNX) with a Buy; Sees Continued Margin Expansion
- After-Hours Movers 10/28: GIGA, EGHT, CATM, AKAM, LMAT, LNC Higher; FSLR, FLS, FALC, OI Lower
- FalconStor Software (FALC) Q3 EPS Breaks Even
- FalconStor Software Reports Third Quarter Results
- Trading Radar for 10/28: First Solar (FSLR), ConocoPhillips (COP), WellPoint (WLP), Goodyear (GT), Int. Paper (IP) Report
More News related to Earnings
- Highlights From CLWR's Q3 Conference Call: Funding Initiative A Go!, But Investors Worry About Long-Term Outlook
- Arden Group (ARDNA) Posts Q3 EPS of $1.48, Beats Q308 by 18c
- Macy's (M) Shows Good Progress, But Not Good Enough
- Universal Security (UUU) Share Trade Higher on Q2 Earnings Report
- American DG Energy (ADGE) Posts Q3 Loss of $0.01, In-Line with Q308
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
+0.11Sign 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!
