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Digital River posts better-than-expected 2nd-quarter earnings and revenue, but outlook weak

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Digital River posts better-than-expected 2nd-quarter earnings and revenue, but outlook weak Posted: Jul 30, 2009 4:55 AM
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Original Post: Digital River posts better-than-expected 2nd-quarter earnings and revenue, but outlook weak
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Digital River 2Q profit falls but beats estimates MINNEAPOLIS — E-commerce software provider Digital River Inc. on Wednesday reported better-than-expected adjusted profit and sales for the second quarter, but forecast third-quarter profit below analyst estimates, sending shares tumbling in aftermarket trading. The company said it earned $11.8 million, or 31 cents per share, down from $13.2 million, [...]

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