Verint Systems (VRNT) Q3 results beat on revenue, but miss on a per share basis as higher...

|About: Verint Systems Inc. (VRNT)|By:, SA News Editor

Verint Systems (VRNT) Q3 results beat on revenue, but miss on a per share basis as higher product costs continue to chip away at its margins. Gross margin narrowed to 64.8% from 68.4% as the cost of product revenue jumped 26%. Not surprisingly, the company guides FY11 lower, now expecting an EPS in the range of $2.35 - $2.50, versus previous estimates of $2.50.