Concord Communications Reaffirms Fourth-Quarter Guidance - TheStreet

Concord Communications Reaffirms Fourth-Quarter Guidance

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Concord Communications

(CCRD)

reaffirmed its previous fourth-quarter financial projections and said revenue was "on track" to meet expectations.

Wall Street expects the Marlboro, Mass., company, which provides services to electronic-commerce businesses, to earn 6 cents a share in the fourth quarter, according to eight analysts polled by

First Call/Thomson Financial

. The company earned 24 cents a share last year. Analysts expect fourth-quarter revenue of $25.3 million, up from $20 million in the same period a year ago.

Concord's guidance excludes a $2.3 million charge from a write-off of its equity investment in

Broadband Infrastructure Group

, which recently ceased operations.

Shares of Concord recently tumbled 9% to $6.44 in after-hours trading on the

Island

ECN.