DemandTec shares drop 10 pct after Reuters report on dour outlook

Shares of U.S. software company DemandTec Inc fell nearly 10 percent on July 1 in heavy trading after Reuters was alone in reporting that the company lowered its full-year revenue growth forecast . The stock had been trading up 8 percent in after-hours trading after the company posted higher-than-expected first-quarter results on July 1. After Reuters flashed the forecast headlines from the company’s conference call, the shares reversed to trade 2 percent lower. During regular trading the next day, the shares fell nearly 10 percent on volume triple the 10-day average. Bloomberg and Dow Jones did not report the news.