Skip to content
Author
PUBLISHED: | UPDATED:
Getting your Trinity Audio player ready...

Sybase plunges: Computer software maker Sybase Inc. lost more than a quarter of its market value Friday morning after it said it expected to report fourth-quarter earnings well below estimates — perhaps even a loss. Sybase’s stock fell $3.75, or 28 percent, to $9.56 on the Nasdaq market, where it was the most heavily traded issue. Sybase said that its results could range from a loss of as much as 7 cents a share to a profit of as much as 2 cents a share. Wall Street expectations had averaged 12 cents a share.