On Air Now

Current Show

Sean Hannity   2:00 PM - 5:00 PM

Call Sean at 800-941-7326

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1320 AM Sioux Falls, SD 107.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
75° Feels Like: 75°
Wind: SW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 78°

Tonight

Clear 56°

Tomorrow

Partly Cloudy 81°

Alerts

Infoblox estimates weak second-quarter, shares fall

(Reuters) - Network equipment maker Infoblox Inc estimated second-quarter revenue below analysts' average forecast, citing disappointing business with the U.S. government and fewer $1 million-plus transactions.

The company's shares fell 29 percent to $23.42 in extended trading.

"While sales through the first two months of the quarter met our internal expectations, we experienced a much weaker January than expected," Infoblox Chief Executive Robert Thomas said in a statement.

The company forecast adjusted earnings of 10-12 cents per share on revenue of $60-$61 million for the quarter ended January 31.

Analysts on average were expecting earnings of 10 cents per share on revenue of $65.7 million, according to Thomson Reuters I/B/E/S.

(Reporting By Lehar Maan in Bangalore; Editing by Don Sebastian)

Comments