"Unexpected weakness" to blame...
By Sonya Rabbitte, 11 July 2002 11:15
NEWS Autonomy shares dropped almost 37 per cent this morning after the UK software firm halved second quarter earning estimates blaming an "unexpected weakness" in European markets. Net profit for the quarter ending 30 June is now expected to be one cent per share on revenue of £12m to £13m. Analysts had forecast two cents per share earnings on revenue of up to £15m. Autonomy shares listed in London were down 35.22 per cent to 132.81p by 10:25(BST).
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