Concurrent slips on disappointing fourth-quarter and fiscal year results
Shares of Concurrent (Nasdaq:CCUR) are treading lower midday after the provider of Linux-based computing technologies this morning reported disappointing fourth-quarter and full year results that fell short of the consensus view on Wall Street.
The company saw business slow in the fourth quarter due to the timing of customer orders. Concurrent swung to a loss in the fourth quarter, while the Street was expecting a profit. Revenues also slipped in the fourth quarter from last year and missed the Street.
Shares slid 14%, or $1, to $6.35 midday. For detailed price information and news stories on Concurrent, click CCUR.
