DG FastChannel Inc. (DGIT) announced Monday morning that its Board of Directors approved a $30 million stock repurchase program. The company also announced that it expects to report third quarter revenues of $51 million to $53 million and EBITDA of $23 million to 24 million. For the full year, the company expects to report revenues of $230 million to $234 million and EBITDA of $105 million to $107 million.
DG FastChannel Inc. gapped open sharply lower Monday and has continued to fall in early trade. Shares are now down 7.83 at $16.71, with volume already at a new high for the year. The stock has been sinking for nearly a month and has dropped to over an 11 1/2 month low.
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