Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Saba Software Reports Preliminary Q3 Results - Quick Facts

4/9/2012 11:39 AM ET

Saba Software Inc. (SABA: Quote) announced that on April 5, 2012, the Audit Committee of its Board of Directors engaged counsel to assist the Committee in an independent accounting review.

For that reason, the company will not be in a position to release earnings or timely file its Form 10-Q for the fiscal quarter ended February 29, 2012, due April 9, 2012, Saba Software said.

The company said that the Committee is reviewing transactions in prior periods. The Committee has not identified any circumstances requiring restatement of prior period results.

The company also announced preliminary financial results for the third quarter of fiscal 2012 ended February 29, 2012.

The company expects to report approximately GAAP loss per share of $0.04, non-GAAP loss per share of $0.04 and total revenues of $32 million for the third-quarter. Analysts polled by Thomson Reuters expect the company to report a loss of $0.04 per share on revenues of $33.27 million for the third-quarter. Analysts' estimates typically exclude special items.

Click here to receive FREE breaking news email alerts for Saba Software Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
While Republicans will try to use the troubled rollout of Obamacare to their advantage in the upcoming midterm elections, the results of a Reuters/Ipsos poll showed that Americans increasingly think Democrats have a better plan for healthcare. Nearly three hundred people are still unaccounted for after a ferry carrying 462 people capsized and sank off South Korea's southern coast, media reports citing local officials said Wednesday. The ill-fated ferry, carrying mostly high school students on an overnight trip, was heading to the tourist island of Jeju from the city of Incheon, a northwestern South Korean city that houses the country's After moving mostly higher in early trading on Wednesday, stocks have continued to perform well over the course of the session. While buying interest has waned since then open, the markets have maintained a positive bias on the day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.