Guidance Software Cuts FY13 Outlook

(RTTNews) - Guidance Software, Inc. (GUID) on Thursday lowered its full year 2013 adjusted revenue outlook to a range of $110.0 million to $110.5 million from its prior outlook of $112.0 million to $115.0 million, citing delays in closing of numerous deals greater than $100,000 at the end of the fourth quarter.

Adjusted revenue for the fourth quarter is expected to be in the range of $27.2 million to $27.7 million.

As a result of the revised revenue projections, full year 2013 adjusted pre-tax loss is now expected to be in the range of a $0.52 to $0.50 per share, compared with the previous guidance of a loss of $0.50 to $0.42 per share.

Analysts polled by Thomson Reuters expect the company to report a loss of $0.45 per share on revenue of $113.08 million for the full year 2013.

Adjusted pre-tax loss for the fourth quarter is now expected to be in the range of an $0.11 to $0.09 per share, compared with the previous guidance of a loss of $0.11 to $0.03 per share. Analysts expect the company to report a loss of $0.06 per share on revenue of $30.49 million for the fourth quarter.

Looking forward, the company said it expects full year 2014 to be in the range of $116 to $119 million. The company also said it expects to be profitable on an adjusted basis for the full year 2014. Analysts currently expect the company to report a loss of $0.01 per share on revenue of $121.75 million for the full year 2014.