Interwoven Inc. - IWOV
Interwoven raises 3Q revenue outlook
Thursday October 2, 6:24 pm ET
Interwoven raises 3rd-quarter revenue guidance
SAN JOSE, Calif. (AP) -- Content management software maker Interwoven Inc. raised its third-quarter revenue forecast Thursday to above Wall Street's expectations.
The company now expects sales of $65 million to $66 million, up from the range of $63 million to $65 million it guided for early in the third quarter. Interwoven did not disclose a reason for the improved guidance.
Analysts, on average, are expecting sales of $64.2 million, according to a poll by Thomson Reuters.
Shares climbed 2 cents to $12.76 in after-hours trading. The stock fell 83 cents, or 6.1 percent, to close at $12.74.
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