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
It is almost the end of the year. With the exception of a few, many of the biotech stocks, like the following, on which investors had bet big this year have served up only heartbreak. Now, let's take a look at some of the pending clinical trial catalysts of this month, which will make it a December to remember. Fast food major McDonald's is investing in $12,000 espresso machines for all of its U.S. restaurants, with a view to challenge Starbucks and Dunkin' Donuts in the coffee business, Bloomberg reported. Aiming to attract more customers, the company plans to reintroduce its coffee shop McCafe in 2017.. Retail giant Walmart has got high marks from an LBGT rights advocacy group for its LBTG friendly moves including insurance coverage for transgender workers this year. Human Rights Campaign or HRC, the largest advocacy group for lesbian, gay, bisexual and transgender rights, published its Corporate Equality Index, in which the discount retailer got a perfect 100 score.
comments powered by Disqus
Follow RTT