Warning From Epicor Sends Stock Down 23%
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Epicor Software Corp.’s stock fell 23%, or $1.63 a share, on Thursday to $5.38 after the Irvine supplier of management software warned its fiscal second-quarter earnings will be at or near the break-even level.
The company attributed the disappointing results to continuing merger-related sales issues and a decline in demand for some software products.
Epicor said it expects third- and fourth-quarter revenue to be similar to second-quarter revenue.
Epicor changed its name from Platinum Software Corp. when it acquired DataWorks Corp. on Dec. 31.
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