24.10.2014 01:44:02
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Compuware Q2 Net Profit Falls
(RTTNews) - Compuware Corp. (CPWR) reported net income for the second quarter of $9.2 million or $0.04 per share, compared to $16.3 million or $0.07 per share for the year-ago quarter. Income from continuing operations for the year-ago quarter was $9.1 million or $0.04 per share.
Excluding items, adjusted income from continuing operations for the second quarter was $19.9 million or $0.09 per share, compared to $21.2 million or $0.10 per share in the prior year quarter.
Total revenues for the second quarter fell 1% to $170.89 million from $172.69 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.07 per share on revenue of $170.78 million for the second quarter. Analysts' estimates typically exclude special items.
With regard to the sale of the company to private equity firm Thoma Bravo, LLC, Compuware plans to mail the definitive proxy statement to shareholders on or about November 4, and, subject to regulatory approval, expects the shareholder meeting seeking approval for the deal to be held on or about December 8.
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