Reuters: Global Markets: Active Network expects weak fourth-quarter revenue; shares plunge

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Active Network expects weak fourth-quarter revenue; shares plunge Nov 1st 2012, 21:24 Thu Nov 1, 2012 5:24pm EDT (Reuters) - Active Network Inc (ACTV.N), which makes software for event management and online registrations, reported third-quarter revenue below analysts' expectations and forecast a weak current quarter, sending its shares down 31 percent in extended trading. The company forecast current-quarter revenue of between $93 million and $97 million, below analysts' estimates of $102 million, according to Thomson Reuters I/B/E/S. Active's net loss for the third quarter widened to $6 million, or 10 cents per share, from $1.4 million, or 3 cents per share, a year earlier. Excluding items, it earned 5 cents per share. Revenue rose 22 percent to $109.2 million. Analysts on average expected earnings of 5 cents per share on revenue of $110.4 million. Shares of the San Diego-based company were down $2.89 at $6.40 in aftermarket trading. The stock closed at $9.29 on Thursday on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions