logo
Share SHARE
FONT-SIZE Plus   Neg

Saba Software Reports Preliminary Q3 Results - Quick Facts

Saba Software Inc. (SABA) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Grab, the Singapore-based ride hailing company and Uber's biggest Asian rival, said Monday that Chinese ride-sharing company Didi Chuxing and Japan's SoftBank Group Corp. will invest a combined $2 billion to lead Grab's new financing round. Delta Air Lines is allowing some passengers use fingerprints instead of their boarding passes. The pilot program at the Reagan Washington National Airport or DCA will allow members of Delta's SkyMiles loyalty program and enrolled in Clear, a third-party biometric screening program, to use fingerprints as proof of identity to board their plane, the company said in a statement. Oilfield services company Halliburton Co. reported Monday a profit in its second quarter, compared to a hefty loss last year, boosted mainly by strong demand in North America. In pre-market activity on the NYSE, Halliburton shares were gaining 3.9 percent.
comments powered by Disqus
Follow RTT