Diamond Management & Technology Falls 8% (DTPI)

Shares of Diamond Management & Technology DTPI are currently down 8% at $10.03 per share during Wednesday afternoon trading. Today's trading range for shares of Diamond Management & Technology has been between $8.66 and $10.98 per share. The consensus price target of analysts covering the company's stock is $12 per share. Volume of 1.1 million shares is already 5 times the daily average volume of 223,000 shares. Diamond Management & Technology (DTPI) released financial results on Wednesday morning that were in line with Wall Street estimates. The company reported fiscal 1st quarter earnings of 12 cents per share, on revenue of 52 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 12 cents per share, on revenue of $51.69 million. The company forecast fiscal 2nd quarter earnings of 12 cents to 14 cents per share, on revenue of $52 million to $54 million. President & chief executive officer Adam Gutstein said, “Our business is performing well and the first quarter results represent strong year over year growth and sequential improvement. Demand for our services remains healthy across each of our industry verticals and we anticipate continued revenue and earnings growth for the remainder of fiscal 2011. Our performance and outlook are driven by a combination of Diamond having the right positioning, skills and services, while continuing to work with the very best clients.” Read more from Benzinga's Company news.