(Reuters) - The company's results missed analysts' estimates for both earnings and revenue, sending shares down 12 percent to $16.73 on the Nasdaq.
First-quarter earnings were $11.4 million or 44 cents a share, compared to $11.3 million or 48 cents a share, a year ago. Earnings per share fell due to an increase in the number of shares outstanding. Analysts on average expected earnings of 53 cents a share, according to Reuters Estimates.
Read more at Reuters.com Market News
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