Shares of Website Pros(WSPI Quote) were among technology's losers Wednesday, plunging 26% after the Internet services company reported disappointing sales headcount and subscriber additions for the third quarter.
The company posted earnings of $1.4 million, or 7 cents a share, on revenue of $12 million, for the quarter. Excluding items, Website Pros earned 11 cents a share. During the year-earlier period, the company recorded a loss of $322,000, or 6 cents a share, on revenue of $10.1 million. "During the third quarter, sales headcount and net new subscriber additions were lower than anticipated," the company said. "We have since resumed sales headcount growth and expect to add a meaningful number of sales reps in the fourth quarter." The company also said that total revenue was lower than expected. Shares were trading down $2.90 to $8.20. Acme Packet(APKT Quote) slid 17% after the computer networking company swung to a third-quarter profit but forecast a fourth-quarter earnings drop on a sequential basis. The company earned $6.8 million, or 12 cents a share, on revenue of $22.3 million. During the year-earlier period, the company reported a loss of $2.5 million, or 16 cents a share, on revenue of $6.8 million. Looking ahead, Acme forecast an adjusted fourth-quarter profit of $5 million to $5.5 million, or 8 cents to 9 cents a share, on revenue of $22 million to $23 million. Shares were trading down $3.13 to $15.81.- Loading Comments...
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