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Digital River: Shares
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For the first quarter ending in March, Digital River expects to earn 40 cents a share before items on revenue of $70 million. Analysts were expecting 37 cents a share on revenue of $62.6 million. For the year ending next December, Digital River expects to earn $1.53 a share before items on sales of $280 million. Analysts were expecting $1.43 a share on sales of $250 million.
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Digital River shares fell $4.15 to $33.35 in after-hours trading. The shares had climbed $1.32, or 3.7 percent, to $37.50 at the close of trading, and they have risen 13 percent this year.
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Digital River earned $17.7 million, or 44 cents a share, in the quarter, compared with $12.8 million, or 33 cents a share, last year. Adjusted to exclude one-time items, earnings of $14.8 million, or 35 cents a share, were 4 cents ahead of the Thomson First Call consensus estimate.
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Digital River shares fell $6.82, or 18.2 percent, to close at $30.68. Earlier in the day, the stock traded as low as $30.11, far below a 52-week low of $32 set Jan. 9.
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