Chordiant Expects 2Q Loss

For the quarter ended March 31, the company forecast a loss of 16 cents to 11 cents per share, down from a profit of 15 cents per share in the same period a year earlier.

On an adjusted basis, Chordiant expects a loss of 11 cents to 6 cents per share. The company also forecast revenue between $23.5 million and $25 million.

Analysts, on average, are predicting a profit of 11 cents per share on sales of $32.3 million, according to a poll by Thomson Financial. Analysts typically exclude one-time items from their estimates.

The company said it "continued to see macro economic conditions weaken, specifically in the North American and United Kingdom financial services sectors" during the quarter.

The company plans to post its second-quarter results May 6.

Chordiant's shares fell 90 cents, or 14.5 percent, to $5.30 in after-hours trading. The stock had closed up 17 cents at $6.20.