, citing lower-than-expected orders and weak European currencies, said it expects third-quarter results to be below analysts' expectations.
Rimage expects income of 10 cents to 15 cents a share, compared with a
First Call/Thomson Financial
three-analyst consensus estimate of 26 cents a diluted share. The company also forecast revenue of about $10 million, below the $13 million to $14 million range expected by analysts.
The digital information publishing company reported earnings of 22 cents a share on revenue of $9.8 million in last year's third quarter.
Trading of Rimage was halted Friday morning, but the shares fell sharply after resuming. The stock was recently down $3.50, or 26%, at $9.88. Rimage closed Thursday at $13.38.