Home

Out of the Gate: Interactive Intelligence Drops

By Associated Press
July 7, 2008 | Comments (0)

Recs

0

Shares of Interactive Intelligence Inc. dropped on Monday morning, after the communication software company forecast a second-quarter profit below Wall Street expectations.

The stock declined $3.51, or 33.6 percent, to $6.95.

The company blamed softer-than-expected sales from certain customers for the quarter ending June 30, given a weakening U.S. economy.

"Orders from existing customers were lower than we had expected," Chief Executive Donald E. Brown said in a statement. "While we have more to understand about purchasing decisions during the quarter, it's clear that the current economic environment limited expansions of existing implementations."

Interactive Intelligence will report second-quarter financials on July 28, and said results may change materially before reporting.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 679287, ~/articles/articlehandler.aspx, 12/5/2008 12:55:26 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.