Retalix Ltd. reports Q2 earnings below the Street
Shares of Retalix Ltd. (Nasdaq:RTLX) are falling ahead of the opening bell after the global provider of software solutions for retailers and distributors, reported results for the second quarter well below the Street.
For the three months ended June 30, 2007 the company recorded net income of $0.6 million, or $0.03 per diluted share, while two analysts polled by Thomson Financial were expecting earnings of $0.10 per share. Retalix booked a loss for the second quarter of 2006 of $1.4 million, or $0.07 per diluted share.
Total Revenues for the period were $55.5 million, compared to $45.9 million in the second quarter of 2006. Two analysts polled by Thomson Financial were anticipating revenues of $54.50 million.
Shares of Retalix fell $2.95, or 15.86%, to $15.65 just before the opening bell.
