- Bailed-Out Banks Preparing Pay Bonanza: Study
- Oracle-Sun Micro Deal May Be Rejected by EU: Report
- Berkshire's 15 Biggest Stock Holdings
- Cramer: The 8 Stocks That Control the Market
- Buffett: Berkshire Business Doing 'Just a Tick Better'
- Berkshire for $65.30 a Share? 50-1 Stock Split Planned
- Baidu's Challenge: Expand Beyond Its Success in China
- GM Monthly Sales Increase; Ford Sales Edge Lower
- GM Board Changes Its Mind, Decides to Keep Opel
- Final World Series Games Big Money Makers
- Best Buy To Embed Digital Download Platform on Devices
- Options Trader Targets Precious Metal Surge
- October Shows Auto Rebound Will Be Slow
- The Silencing of Paul Volcker?
- CNBC Transcript: Warren Buffett Explains His Railroad 'All-In Bet' on America
- CIT's Retail Impact?
- M&A: Signs of Strength?
- Crescenzi: Fed Exit Best As Process, Not Event
- Puerto Rico to delay nearly half of 15,000 layoffs
- Stec Inc. 3Q earnings up more than 20-fold
- Top-selling vehicles in the US in October
- Big 5 Sporting Goods 3Q profit rises 80 percent
- Pitney Bowes 3Q profit up 5 pct as costs decline
- Jury awards $20 million in Texas hotel tax dispute
- HealthSouth raises outlook after 3Q profit jumps
- Honda begins mass producing new vehicle in Ohio
- NTELOS lifts quarterly dividend to 28 cents
Text Size 
MINNEAPOLIS - Digital River Inc., which offers help with online sales technology, forecast fourth-quarter earnings below analysts' expectations and said it is still evaluating the impact of the loss of a key customer.
The company said Tuesday that fourth-quarter profit will range between 18 cents and 22 cents per share, or between 30 cents and 34 cents per share excluding special items and assuming a 27 percent tax rate.
Analysts, who usually exclude items from their forecasts, were expecting the company to earn 42 cents per share.
Digital River also said it expected revenue in the current quarter of $94 million to $98 million, about in line with analysts' forecast of $96.5 million.
The company said fourth-quarter revenue related to antivirus software maker Symantec to be $19 million to $22 million.
CEO Joel Ronning said the company was still evaluating Symantec's decision to stop using the company for its e-commerce needs at the end of June 2010.
For the full year, Digital River now expects to earn between $1.23 and $1.27 per share on revenue of $393 million to $397 million.
The company reported Tuesday that its third-quarter profit fell to $11 million from $15.6 million a year earlier.
Shares of Digital River rose 10 cents to $22.32 in regular trading, then fell 32 cents to $22 in extended trading after the release of financial results.
Print
Email
- These four sectors will be the next to lead the market.
- These executives got the largest pay packages of the last 10 years.
- People who are scared of flying can now press a button on their iPhone to help them deal with their panic.
- A Harvard professor’s unusual confectionary is blowing away chocolatiers in Paris.
- CNBC’s Darren Rovell corrects his assertion on NYC Marathon men's winner Meb Keflezighi’s nationality.
- How much would you pay for a motorized La-Z-Boy? An eBay auction for a police-confiscated 'DWI' chair is fetching high dollars.
Data is a real-time snapshot *Data is delayed at least 15 minutes