Saturday, February 09, 2013 – Shares of Guidance Software (GUID) were the second biggest decliner across the Nasdaq and NYSE yesterday, dropping 19.48% to close the day at $9.59.
Chart Source: Yahoo! Finance
The firm reported better than expected Q4 earnings. However, the company's stock fell based on investor dissappointment with the reported $36.7 million Q4 revenue figure (an increase of 23% from the previous year). Stock analysts were expecting $37.2 million.
Victor Limongelli, Guidance Software’s CEO said, "The fourth quarter was our best quarter ever, with both record revenue and record earnings. Over the coming year, we are planning to launch an entirely new product on the EnCase® Enterprise platform”.
Over the past five days, the stock has fallen by a total -21.52%