Intervoice falls despite Q4 profit
Shares of Intervoice Inc. (Nasdaq:INTV) are singing a bearish tune despite news after the close on Thursday that the communications software maker met fourth-quarter profit expectations. The Dallas-based company reported that net income for the three months ended Feb. 29 was $3.1 million, or $0.08 per share, in line with the consensus estimate of five analysts polled by Thomson Financial. During the same period a year earlier, earnings were $0.1 million, or $0.00 per share.
At 12:05 p.m. ET, the stock had shed $1.31, or 16%, to $6.76. For detailed price information and recent news stories about Intervoice, click INTV.
