Shares of Lawson Software Inc. dropped Friday after the company offered a financial outlook that disappointed investors and said it would spend $160 million to acquire Healthvision Solutions Inc.
The stock fell 60 cents, or 8.6 percent, to $6.39 in morning trading. Shares have traded from $3.40 to $7.51 over the past year.
Lawson said late Thursday that it expects adjusted earnings of 7 cents to 9 cents per share on revenue of $174 million to $178 million for the quarter ending in February.
On average, analysts were looking for 10 cents per share and sales of $175 …
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