Interactive whiteboard maker Smart Technologies (SMT -13.2%) plummets post-earnings, as soft...

|By:, SA News Editor

Interactive whiteboard maker Smart Technologies (SMT -13.2%) plummets post-earnings, as soft guidance overshadows its FQ3 beat. Smart expects its FY12 sales growth to be at the low end of a prior guidance range of flat to -5%, and expects its net income to fall 10% Y/Y, worse than prior guidance for no change. A 500 bps Y/Y drop in Smart's FQ3 gross margin, to 43%, could also be weighing on shares. (PR)