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Alterian shares plunge after second profits warning | Alterian shares plunge after second profits warning |
(about 2 hours later) | |
Shares in Alterian have plunged by almost 35% 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. |
Shares in London fell 57.5p, or 34.7%, to close at 108p. |