Anticipated Profit Slump: SysteMed Inc. said Tuesday...
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Anticipated Profit Slump: SysteMed Inc. said Tuesday that its first-quarter profit will likely fall below expectations and will “reflect no better than break-even results.” The Laguna Hills-based company, which manages prescription drug benefit systems for corporations and insurers, blamed the weak earnings on a faulty computerized order-processing system. The announcement caused a 10% dip in the company’s stock, which closed at $4.375 a share, down 12.5 cents, on the NASDAQ market.
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