Author: Albena Toncheva
123jump.com
Last Update: 2:17 AM ET August 12 2008
The educational software company said profit dropped as sales growth was offset by an increase in expenses. Excluding items, adjusted earnings were 22 cents per share. Revenue climbed 27% from a year ago to $75.5 million. Operating expenses rose 39% to $74.7 million. Blackboard expects third-quarter results in the range of a loss of 2 cents to a profit of 2 cents per share. Adjusted earnings are expected to be between 18 and 20 cents per share on sales of $82 million to $84 million.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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