Earnings Wrap: TIBX, KBH

Tibco Software (TIBX) announced that profit during the first quarter fell by over 50 percent. Net income was $9.5 million, or 6 cents per share, versus $20.6 million, or 12 cents per share, in the same period last year. Excluding items, the company earned 18 cents per share versus 20 cents per share last year. Adjusted earnings per share met estimates. Revenue was higher by five percent to $237.8 million from $225.7 million below the forecast of $242.3 million.