Open Text's stock drops on earnings miss
Open Text Corp. shares dropped in the extended session Wednesday after the Canadian enterprise software company's quarterly results fell short of Wall Street estimates. Open Text U.S. shares fell 7.1% after hours, following a 0.6% rise to close at $36.59 in the regular session. The company reported fiscal third-quarter net income of $58.8 million, or 22 cents a share, compared with $21.7 million, or 8 cents a share, in the year-ago period. Adjusted earnings were 54 cents a share. Revenue rose... Читать дальше...