Double-Take Shrs Plunge On Q3 Warning (at Barron's Online)

Double-Take Software (DBTK) shares fell sharply after the company earlier today said third quarter results would come in shy of previous guidance. The company now sees revenue of $23.8 million to $24 million, below its previous view of $25.7 million to $26.3 million. Double-Take sees non-GAAP profits of 14-15 cents a share, down from its previous guidance of 15-16 cents. “In the latter part of September customers delayed closings on a number of expected deals in both Europe... [read full story]