The company reported revenue on adjusted basis of $244 million for the quarter ending May 31, missing analysts' estimates of $264.5 million, according to Thomson Reuters I/B/E/S.
Profit in the same period totaled $671 million, or $1.23 per share, compared with a loss of $670 million, or $1.28 per share, a year earlier.
(blck.by/2sJnsFS) "This is a big disappointment for the stock and likely to cast a pall on the sustainability of the turnaround," said Tim Ghriskey, chief investment officer with Solaris Asset Management who helps manage $1.5 billion.
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