More bad news from the financial technology front: global transaction software firm Fundtech, which mildly missed revenue forecasts for the third quarter ($31.5 million, short of $31.8 million), reports that it expects lower earnings and revenue in fourth-quarter and year-end results because of delayed deals with struggling bank clients.

Fourth quarter earnings are expected to land somewhere between $29.5 million and $30.5 million, down from analyst expectations of more than $33 million, and its FY2008 GAAP earnings estimates have been lowered from $0.39-$0.49 a share to between $0.13 and $0.19 a share for the Jersey City, NJ company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.