Shares in Irish billing and encryption software company Trintech fell to a new year low today after its full-year 2000/2001 results fell below market expectations, dealers said.
By 1230 GMT, Trintech stock was trading 14.93 percent lower at 5.70 euros, a fresh year low and equalling its September 1999 all-time low of 5.70 euros.
The stock was underperforming the Neuer Markt Nemax 50 index, which was up 0.33 percent.
Traders said shares were being dumped after sales and net profit figures for the year ending January 31st fell below market expectations.
Full-year sales came in at $49 million, but the market was betting on $53 million, one German trader said.
Net loss widened to $32.57 million, bigger than the $27.9 million the market was anticipating.
Trintech stock has lost 93 percent from its all-time peak touched amidst a general boom in technology stocks in March last year.