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Teamviewer down 11% in pre-market after FY sales guidance cut

By Reuters News

** Shares in Teamviewer TMV.DE fall 11% in pre-market trade after the German software company cut its annual sales guidance, citing delayed conversion of large enterprise deals and renewed economic uncertainty in Europe

** Now expects FY revenue to decline 1% to 2%constant currencies, compared with its previous guidance for growth of 0% and 3%

** "Sobering growth outlook should weigh on shares today," a local trader says

** The stock is seen at the bottom of Germany's mid-cap index .MDAXI



($1 = 0.8937 euros)

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