Digital River Inc. (DRIV), Tuesday reported a lower profit for the second quarter, as revenues declined. The company detailed a weak guidance for the third quarter, sending its shares down 13 percent in after market hours.
Net income for the second quarter dropped to $200 thousand or $0.01 per share, from $291 thousand or $0.01 per share last year.
Adjusted net income improved to $6.9 million or $0.20 per share from $6.4 million or $0.17 per share in the second quarter last year.
Second-quarter revenues were $90.8 million compared to $92.5 million last year.
Analysts polled by Thomson Reuters expected earnings of $0.18 per share and revenues of $93.37 million. Analysts' estimates typically exclude one-time items.
Looking forward to the third quarter, the company expects loss of $0.09 to loss of $0.02 per share, adjusted earnings of $0.12 to $0.18 per share and revenue of $88 million to $91 million.
Analysts currently expect earnings of $0.26 per share on revenues of $97.07 million for the third quarter.
For the full year 2012, the company now expects earnings of $0.22 to $0.38 per share, adjusted earnings of $0.96 to $1.08 per share, and revenues of $378 million to $390 million.
Analysts currently estimate earnings of $1.22 per share and revenues of $405.91 million for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.