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Saba Software (SABA -18%) trades lower after a hard miss on its Q4 earnings. The stock posted a...
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Thursday, July 21, 2011, 10:33 AM ETSaba Software (SABA -18%) trades lower after a hard miss on its Q4 earnings. The stock posted a loss despite record sales for the quarter, as higher investment costs negatively impacted revenues. Benchmark downgrades the stock on the news, reversing course just two days after reiterating a buy.
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