Why Rocket Fuel (FUEL) Stock Is Plummeting Today

NEW YORK (TheStreet) -- Rocket Fuel (FUEL) was falling -26.7% to $18.15 Wednesday after guiding below analysts' estimates for the third quarter and full year 2014, and despite beating estimates for the second quarter.

The company said it expects revenue of $96 million to $100 million for the third quarter. Analysts surveyed by Thomson Reuters expect revenue of $109.6 million for the quarter. For the full year Rocket Fuel expects revenue of $385 million to $405 million, below analysts' estimates of $422.6 million.

For the second quarter Rocket Fuel reported a loss of-11 cents a share, above analysts' estimates of a loss of -22 cents a share .Revenue grew 70.2% from the year-ago quarter to $92.6 million, beating analysts' estimates of $90.2 million for the quarter.

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FUEL ChartFUEL data by YCharts

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