CFI ProServices Inc., the banking software company, announced last week that first-quarter earnings would be much lower than analysts' estimates - and the news sent its stock into a tailspin.

Matt Chapman, chairman and chief executive officer, said Wednesday that earnings would be about 5 cents a share, against analysts' expectations of 15 to 19 cents. CFI earned 16 cents a share in the first three months of 1994.

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