Jive Software Q2 Loss Widens, Cuts FY13 Outlook - Quick Facts

(RTTNews) - Jive Software, Inc. (JIVE) Tuesday said second-quarter loss widened to $17.8 million or $0.27 per share from $11.6 million or $0.19 per share in the comparable quarter last year.

Adjusted loss for the quarter was $9.5 million or $0.1 per share. On average, 12 analysts polled by Thomson Reuters expected the company to report a loss of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 31 percent to $35.2 million from $26.95 million last year. Analysts expected revenues of $35.16 million.

Looking ahead to the third quarter, the company has forecast a loss in the range of $0.14 to $0.16 per share, with revenues ranging between $36.0 million and $37.0 million. Analysts currently expect the company to report a loss of $0.14 per share on third-quarter revenues of $38.19 million.

For the fiscal 2013, company currently projects earnings in a range of $0.59 to $0.62 per share, down from its previous guidance range of $0.53 to $0.60 per share.

Revenues are projected in a range of $144.0 million to $146.0 million, down from $148.0 million to $153.0 million, issued previously. Analysts currently expect the company to report full-year loss of $0.58 per share on revenues of $150.27 million.