Mitek Systems falls on downbeat qtrly results

Mitek Systems

15/04/2024 22:56

** Shares of software development company Mitek Systems
 MITK.O  fall 5% to $14.15 in extended trading
    ** Mitek reports Q1 rev of $36.9 mln missing analysts' est
of $39 mln - LSEG data
    ** Co posts Q1 adj profit of 14 cents/shr vs analysts' est
of 18 cents/shr
    ** Co provides preliminary Q2 rev in the range of $46 mln -
$47 mln vs est of $45.27 mln
    ** Up to last close, MITK stock up ~14%, YTD

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))