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Alterian shares plunge after second profits warning Alterian shares plunge after second profits warning
(about 6 hours later)
Shares in Alterian have plunged by more than 30% after the marketing software company issued its second profits warning in little more than a week. Shares in Alterian have plunged by more than 33% after the marketing software company issued its second profits warning in little more than a week.
The firm said revenue for the last financial year would be "materially lower" than its forecast last Monday of a 10% shortfall in market expectations.The firm said revenue for the last financial year would be "materially lower" than its forecast last Monday of a 10% shortfall in market expectations.
Last week's profit warning led to the resignation of the firm's chief executive David Eldridge.Last week's profit warning led to the resignation of the firm's chief executive David Eldridge.
The company said it would make a further statement on 18 April.The company said it would make a further statement on 18 April.
Alterian's customers include carmaker Jaguar Land Rover, Domino's Pizza and pharmaceuticals giant AstraZeneca.Alterian's customers include carmaker Jaguar Land Rover, Domino's Pizza and pharmaceuticals giant AstraZeneca.