AI
CMGI lowers revenue outlook after weak 3Q
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080609&id=8749858
CMGI Inc., a supply-chain and inventory-management software provider, on Monday lowered its fiscal-year revenue guidance after it reported swinging to a loss in the fiscal third quarter.
The company now expects fiscal-year revenue between $1.05 billion and $1.1 billion, from a previous range of $1.1 billion to $1.15 billion.
It expects operating income, before restructuring expenses, to be at the low end of previous guidance of 2 percent to 2.5 percent of revenue in fiscal 2008.
Restructuring expenses are expected to be $5 million to $8 million.
Shares fell $2.23, or 14.9 percent, to $12.78 in aftermarket electronic trading, after closing up 22 cents at $15.01.
My posting is for my own entertainment, do your own DD before pushing your buy/call button
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080609&id=8749858
CMGI Inc., a supply-chain and inventory-management software provider, on Monday lowered its fiscal-year revenue guidance after it reported swinging to a loss in the fiscal third quarter.
The company now expects fiscal-year revenue between $1.05 billion and $1.1 billion, from a previous range of $1.1 billion to $1.15 billion.
It expects operating income, before restructuring expenses, to be at the low end of previous guidance of 2 percent to 2.5 percent of revenue in fiscal 2008.
Restructuring expenses are expected to be $5 million to $8 million.
Shares fell $2.23, or 14.9 percent, to $12.78 in aftermarket electronic trading, after closing up 22 cents at $15.01.
My posting is for my own entertainment, do your own DD before pushing your buy/call button
Trade Smarter with Thousands
Leverage decades of market experience shared openly.
