Digital River (DRIV) this afternoon reported Q2 revenue of $81.8 million and non-GAAP profits of 8 cents a share; the Street had been expecting the e-commerce service company to post revenue of $82 million and profits of 5 cents.
But the stock is trading lower on disappointing Q3 guidance: DRIV is forecasting revenue for the quarter of $77.6 million and non-GAAP profits of 13 cents a share, below the Street at $81.2 million and 14 cents.
DRIV in late trading is down 95 cents, or 3.5%, to $26.14; in the regular session the stock fell $1.41, or 5%.
Earlier: GSI Commerce Shrs Off; Q2 Loss Wider Than Anticipated
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