Microstrategy Tumbles 17.4% on Forecast

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Microstrategy

(MSTR) - Get Report

was down 17.4% in preopen

Island

trading.

After the close Tuesday, the company

posted a fourth-quarter loss of 31 cents before items, beating the

First Call/Thomson Financial

estimate of a 40-cent loss. The year-ago loss was 18 cents per share.

The e-business software and services company fell short of revenue estimates, however. And the company said it is lowering its 2001 revenue expectations as it focuses on achieving profitability by the end of the year.