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Profit warning hobbles Centura Software

Centura Software shares plunged 1 3/8, or 27 percent, to 3 21/32 Wednesday after warning that its second-quarter sales and earnings will fall well short of analysts' estimates.

Company officials said late Tuesday that weak computer client/server sales will result in a loss of between 11 cents to 13 cents a share in the quarter.

First Call Corp. consensus expected Centura (Nasdaq: CNTR) to earn a penny a share in the quarter.

Centura said it expects to report a net loss of $4.8 million to $5.3 million on sales of $9.7 million to $10.2 million.

"We are disappointed in the results from our traditional client/server business in the second quarter, which were much softer than we expected," said CEO Scott Broomfield in a prepared release.

Last quarter, Centura posted a loss of $1 million, or 14 cents a share, on sales of $12.4 million.

Its shares moved as high as 18 7/8 in March after falling to a 52-week low of 9/16 in August.

First Call Corp. consensus was expecting it to earn 4 cents a share in the fiscal year.