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News Breaks February 13, 2013 05:46 EDT SAPE Sapient downgraded to Neutral from Buy at Citigroup Citigroup downgraded Sapient citing a lack of near-term catalysts and the company's 2013 outlook. The firm keeps a $13 price target for shares. News For SAPE From The Last 14 Days Check below for free stories on SAPE the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 15, 2013 19:34 EDT SAPE On The Fly: After Hours Movers Subscribe for More Information 16:11 EDT SAPE Sapient sees Q2 service revenue $300M-$310M Subscribe for More Information 16:10 EDT SAPE Sapient reports Q1 adjusted EPS 12c, consensus 9c Subscribe for More Information May 9, 2013 08:51 EDT SAPE Sapient sees Q2 service revenue $300M-$310M Subscribe for More Information 08:49 EDT SAPE Sapient sees Q1 EPS 12c, consensus 9c Sapient announced that it will delay the full release of its first quarter financial results and conference call from Thursday, May 9, as originally scheduled. The earnings announcement and conference call are now expected to take place on Wednesday, May 15 after the close of regular market hours. The earnings release and call are being rescheduled because the company requires additional time to complete a self-initiated review and analysis of tax liabilities resulting from cross–border mobility of employees into various countries in prior periods extending back to 2006. The company estimates the total of such liabilities for those years to be in the range of $12M-$18M, subject to finalization of the company’s review and evaluation. The company is providing the following preliminary unaudited financial results for the first quarter ended March 31, which are subject to change: Non-GAAP diluted net income per share is expected to be 12c and service revenues are expected to be $292.6M compared to guidance of $295M-$300M. Revenues reflect a slower-than-expected ramp in client spending in SapientNitro and the adverse effect of movements in foreign currency exchange rates. Sign up for a free trial to see the rest of the stories you've been missing.