NICE Systems: Quarter Nice; Stock Decline, Not So Nice

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NICE Systems (NICE) shares are taking a hit this morning despite what appears to be a solid Q3 financial report.

The security systems company posted revenue of $146.1 million, down 10.4% from a year ago, but up 4% sequentially, and ahead of the Street at $144.8 million. Non-GAAP EPS of 38 cents a share beat by a penny.

According to Reuters, the company sees Q4 revenue up in the mid-to-high single digits sequentially in Q4. At a 7% rise, revenue would be $156.3 million, ahead of the Street at $154 million.

Nonetheless, NICE is down $2.27, or 7.3%, to $28.70.