RSA Drops on Lowered Revenue, Earnings Estimates

RSA Security (RSAS) expects first-quarter revenue of $55 million to $56 million, compared with $73.6 million in the same period a year ago. The security software company expects to lose 24 cents to 28 cents a share when its results are calculated according to generally accepted accounting principles. Excluding items, RSA expects a loss of 8 cents to 11 cents a share. Analysts expect earnings of 2 cents and revenue of $64.6 million. The stock was dropping 16.4% to $7.52.