Sonic Solutions posts Q4 lower revenues, issues Q1 guidance below the Street
Computer software developer Sonic Solutions (Nasdaq:SNIC) after Tuesday’s close posted fiscal fourth-quarter revenues just shy of analysts’ estimates and issued fiscal first-quarter guidance below the consensus on Wall Street.
The Novato, Calif.–based company said it expects to clock a loss of $0.09 in the first quarter, while the Street was gunning for a profit of $0.01 per share
Shares flopped 12%, or $0.90, to $6.78 in pre-market trading. For detailed price information and recent news stories about Sonic Solutions, click SNIC.
