— Shares of the software engineering firm tumbled 18% after it cut guidance amid further deterioration in near-term demand. Q2 earnings per share guidance of between $2.33-$2.
40 was slightly below the FactSet estimate of $2.43. It also lowered full-year earnings estimates and revenue estimates for both the second quarter and full year to below analysts' estimates.
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Source: CNBC - 🏆 12. / 72 Read more »