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Omniture Sinks 9 Percent on Disappointing Q2, Weak Q3 View

July 22, 2009
by Tiernan Ray
Blogger, Barron's, Tech Trader Daily

Tiernan Ray

Shares of Internet infrastructure software vendor Omniture (OMTR) are taking a beating this evening after the company reported Q2 sales that trailed estimates and a lower-than-expected Q3 forecast.

Revenue rose 22 percent, year over year, to $87.6 million, behind Street estimates of $88.5 million, while profit of 13 cents per share was a penny ahead of estimates. For Q3, the company, which produces software to plan online advertising, said sales would be relatively flat with Q2.

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