Smith Micro Software
Smith Micro, which makes software for telecom companies, projected third-quarter revenue of $15-$20 million, below analysts' estimates of $23.4 million, according to Thomson Reuters I/B/E/S.
The company posted a second-quarter net loss of $7.8 million, or 22 cents a share, compared with a net income of $1.9 million, or 5 cents a share, a year ago.
Excluding items, loss at the company, whose clients include Verizon Communications
April-June revenue fell to $16.1 million.
Analysts expected a loss of 11 cents a share on revenue of $17.8 million.
Shares of Aliso Viejo, California-based Smith Micro were trading down 38 cents at $2.95 after the bell. They closed at $3.33 Tuesday on Nasdaq.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Maju Samuel)