Go BackRightNow forecasts larger losses in 2008
Customer management software company RightNow Technologies Inc. forecast larger first-quarter and full-year losses than analysts expected.
RightNow said it expects to lose between 14 cents and 17 cents per share in the first quarter, on $31 million to $32 million in sales. For the full year, it forecast a loss between 27 cents to 36 cents per share, with revenue ranging from $135 million to $140 million.
Excluding stock-based compensation costs, RightNow forecast a loss of 10 to 13 cents per share in the first quarter and 7 to 16 cents per share for the year.
Analysts polled by Thomson Financial, on average, expected the company to lose 4 cents per share in the first quarter, and to break even for the full year. The estimates do not include stock-based compensation, and typically exclude one-time charges.
Wall Street expects RightNow to report $31 million in first-quarter sales, and $137.9 million in revenue for the year.
Shares fell $1.07, or 8.4 percent, to $11.72 in aftermarket electronic trading. The stock finished the regular session at $12.79.
RightNow also reported its fourth-quarter and full year 2007 results Wednesday. Its losses for the period and for the full year were larger than analysts anticipated, while revenue was slightly greater than forecast.
Date - 31/01/2008
