Micros Systems expects 2008 profit below estimates

COLUMBIA, Md.—Micros Systems Inc., which makes information systems for the hospitality industry, said Wednesday its 2008 profit will likely fall below Wall Street analysts' estimates.

The company said it expects profit of about $1.16 per share including share-based compensation expenses. Excluding the expenses, Micros said it will earn at least $1.32 per share for the year.

Analysts polled by Thomson Financial expect profit of $1.37 per share.

The company also projects yearly revenue of more than $930 million. Previously, the company said its revenue would be between $910 million and $915 million.

Analysts anticipate revenue of $944.3 million.

Shares fell $3.10, or 8.7 percent, to $32.55 in after-hours trading. During regular trading, shares rose 12 cents to close at $35.65.

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