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BMC Software Inc. (BMC) Dropped Sharply Following Q3 Miss

BMC Software Inc. (BMC) reported third quarter non-GAAP EPS of $0.99 after the bell Monday, up from $0.93 a year ago. The consensus estimate was for EPS of $1.01. Full year 2013 non-GAAP EPS is expected to be between $3.35 and $3.45, down from prior expectations of $3.49 to $3.59. The consensus estimate is for EPS of $3.56.

BMC Software gapped open sharply lower Tuesday, but traded in a range for the majority of the session. The stock closed down by 2.77 at $41.71, with volume at nearly a 4-month high. BMC Software fell to over a 2-week low.

by RTTNews Staff Writer

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