Digital River Flows Downstream on Warning

Digital River (DRIV) - Get Report lowered its first-quarter guidance, saying it now expects revenue of $18 million, which is below the company's previous forecast of $19.4 million. The company expects earnings, before items, of 1 cent to 2 cents a share. On that basis, Digital previously expected earnings of 7 cents. According to First Call, analysts were looking for revenue of $19.5 million and earnings, before items, of 7 cents. The stock was down 46% to $8.