May 9, 2017 / 3:35 PM / 7 months ago

BUZZ-Open Text Corp: Shares down after profit misses estimates

** Shares down 4.8 pct at C$45.36 after the Canadian business software maker reported lower-than-expected profit on Monday as expenses rose more than 50 pct

** U.S.-listed shares also fall 5.1 pct to $33.05 - drops as much as 8 pct to a near 4-month low of $32.05

** Excluding items, it earned 45 cents/shr vs. est. 50 cents

** Net income attributable to OpenText plunged 68.7 pct to $21.62 mln, or 8 cents/shr

** Barclays raises PT to C$56 from C$53 on Canada-listed stock as the brokerage updated its forex assumption

** 7 of 8 brokerages rate the stock “buy”, 1 “hold”; median PT C$40

** Up to Monday’s close, stock had risen 12.7 pct YTD

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below