The company said, "Consistent with its prior guidance for 2012, the Company expects to achieve adjusted EBITDA of $30-35 million per quarter, and $120-140 million for the year, reflecting the additional investment of $5-10 million per quarter in strategic growth initiatives. Updated Guidance: The Company lowered its expectations for 2012 capital and software expenditures to "less than $35 million", down from its previous guidance of "$40-45 million."
As traders wait on the Federal Reserve, putting off any major decisions until they hear the latest word in FOMC …