Why Agilysys Stock Fell Sharply on Wednesday

Shares of software specialist Agilysys (NASDAQ: AGYS) fell sharply on Wednesday. The stock declined as much as 21.1%. As of 2 p.m. EST, however, shares were down about 18%.

The stock's pullback follows the hospitality-focused software company's fiscal third-quarter earnings report. The tech stock is likely taking a hit because management's guidance for fiscal fourth-quarter revenue was weaker than expected.

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Source Fool.com