Wonderware Takes Hit on News of Quarterly Loss

Shares of Wonderware Corp. fell as much as 23% Tuesday in heavy trading after the company said that poor manufacturing software sales will cause it to post a second-quarter loss of 4 cents to 9 cents a share.

The company’s stock dropped $3.875 a share to close at $15.25, a 20% decline, on the Nasdaq market system. During the day, shares traded as low as $14.75 each. The volume of shares traded was four times the recent daily average.

Wall Street had expected that Wonderware, which writes computer programs that help manufacturers keep track of their factory operations, would earn 17 cents a share, based on the average estimate of six analysts surveyed by Zacks Investment Research.