TIBCO Announces Results That Are 'Better Than Worse Than Expected'
M. Reed - April 16, 2001

Event Summary

TIBCO Software (NASDAQ: TIBX) is the latest software vendor to report that they are following a new trend in the stock market: reporting results that exceed lowered analyst expectations. Analysts had expected TIBCO to earn 3 cents per share, down from the 8 cents per share that they originally projected. TIBCO had only recently revised its guidance, on March 7. In the end, TIBCO reported pro forma results of 6 cents per share, up from 1 cent per share for the first fiscal quarter of 2000...