Friday, Austin, Texas-based content management software provider Vignette Corporation (VIGN) announced its financial outlook for the third quarter ended September 30, 2008, indicating a drop in revenue for the reporting quarter due to weak international license sales.
Vignette said that it still expects third quarter loss to be in the range of $0.21 - $0.07 per share, and adjusted earnings to be in the range of $0.02 - $0.17 per share.
Analysts polled by First Call/Thomson Financial currently expect the company to report earnings of $0.06 per share for the third quarter.
Revenues for the third-quarter are anticipated in the range of $41 to $42 million, with license revenue for the quarter to be approximately 17% to 19% of total revenue.
The Street currently estimates the company to report third quarter revenues of $44.73 million.
Commenting on the outlook provided, Mike Aviles, president and CEO, said, "The business and economic environment is challenging, and international license sales were weak compared to recent quarters. We remain committed to investing in product innovation, customer success and sales and marketing productivity."
VIGN ended Friday's regular trading at $9.84, losing 26 cents or 2.6%, and in after hours its currently trading at $10.12, up 28 cents or 2.82% on the Nasdaq.
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