, the online brokerage service of
Donaldson Lufkin & Jenrette
, is forecasting a narrower-than-expected loss for the third quarter.
The firm, which is based in Jersey City, N.J., said it expects to post a loss of $4 million, or 4 cents a share, for the quarter ended Sept. 30, compared with last year's third-quarter loss of $3.3 million, or 3 cents a share. According to a poll by
First Call/Thomson Financial
, 10 analysts are expecting a loss of 5 cents a share.
Revenue for the quarter is expected to rise about 44% to $79 million from $55 million last year.
DLJdirect also said it will change its name to CSFBdirect once the merger between
and Donaldson Lufkin & Jenrette is completed.
Shares of DLJdirect recently gained 31 cents, or 7.1%, to $4.69 on the
New York Stock Exchange