Hyperion Solutions Inc. (Nasdaq: HYSL) said Friday it will miss expectations for the quarter ending Sept. 30. Shares tumbled 43 percent.
Shares in the maker of business analysis software were down 8.25 to 11.12, far below their 52-week high of 65.
Hyperion now expects to report license revenues of $44 million to $45 million, total revenues of approximately $110 million to $115 million, and a net loss for the quarter when it reports financial results on Oct. 24. First Call had been expecting a profit of 15 cents a share.
"In North America, sales force focus and execution simply fell short," said CEO Jeff Rodek in a company statement.
The company said lower license revenue in North America in the critical last week of September was to blame. The company said it plans to have a more complete picture of the problem in the next three weeks.
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