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