Verint Systems Inc. shares dropped in the extended session Tuesday after the software company's quarterly results and outlook fell short of Wall Street expectations. Verint shares dropped 14% to $15.29 after hours. The company reported adjusted fourth-quarter earnings of 90 cents a share on revenue of $281.8 million. Analysts surveyed by FactSet had forecast earnings of $1.16 a share on revenue of $318.5 million. Verint said it expects 2016 adjusted earnings plus-or-minus 2% from 2015's $3.04 a share, and revenue "similar" to the past year's $1.13 billion. Analysts had expected 2016 earnings of $3.54 a share and revenue of $1.23 billion. Verint also said its board authorized $150 million in stock buybacks.
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