Shares of Tibco Software (TIBX) lost almost a fifth of their value over the past trading week. The provider of middleware and infrastructure software reported its preliminary fourth quarter results on Tuesday after the market's close.
Fourth Quarter Results
Tibco Software expects to generate $292-$295 million in fourth quarter revenues. The company will report its final results for the quarter on the 20th of December. License revenues are expected to come in between $135 and $136 million. Current analysts' consensus for fourth quarter revenues stands around $316 million.
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