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Shares of Infocrossing(IFOX Quote) were among technology's losers Tuesday, tumbling 16% after the technology services company posted disappointing fourth-quarter results.
The company earned $2.9 million, or 12 cents a share, on revenue of $58.9 million. Analysts polled by Thomson First Call expected earnings of 13 cents a share on revenue of $59.8 million. During the year-earlier quarter, the company posted a loss of $101,000, or a penny a share, on revenue of $41.2 million.
Looking ahead, Infocrossing sees 2007 earnings of 44 cents to 46 cents a share on revenue of $250 million to $255 million. Analysts project earnings of 59 cents a share on revenue of $260 million. Shares were trading down $2.63, to $13.43. ...
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