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Technical Analysis
- 8/28/2008 1:34:10 PM
By Chip Brian, SmarTrend Analytics Team
Software maker Compuware Corp. (NASDAQ:CPWR) announced late Friday that it expects its third-quarter earnings to fall below Wall Street estimates. Citing a high ratio of "ratable versus upfront recognition," for new software licenses, Compuware expects earnings of 13 cents per share for the third-quarter, or 14 cents per share excluding restructuring costs. Analysts on average expect earnings of 18 cents per share. Shares of Compuware were down 89 cents to $7.26 in Monday afternoon trading.
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