Engage Plunges 17.5% as it Misses Street - TheStreet

Engage

(ENGA)

was down 17.5% in preopen

Island

trading. After the close Tuesday, it posted a first-quarter loss of 26 cents per share, missing the

First Call/Thomson Financial

estimate of 23 cents.

The marketing-software company, which is majority owned by the Internet incubator

CMGI

(CMGI)

said revenue declined from the previous quarter due to sluggish online advertising. Engage said it expects to reduce its 2001 guidance. CMGI was up 2.5% in the preopen.