UPDATE 1-NaviSite posts Q1 loss; sees Q2 rev below Street view

(Recasts, adds share movement)

Dec 10 (Reuters) - NaviSite Inc (NAVI.O), which provides application solutions and technology services, posted a wider first quarter loss and forecast second quarter revenue below Wall Street estimates, sending its shares down 30 percent on Monday.

Shares of the Andover, Massachusetts-based company were down $2.55 at $6.04 in morning trade, making them the biggest percentage losers on the Nasdaq.

Net loss available to common stockholders rose $4.8 million, or 14 cents per share, compared with $2.7 million, or 9 cents a share, a year ago. Excluding items, the company posted a loss of 8 cents a share. Revenue rose 27 percent to $36.1 million.

Analysts on average had expected breakeven earnings, before exceptional items, according to Reuters Estimates.

For the second quarter, NaviSite expects revenue of $39 million to $40 million. Analysts expect revenue of $41.85 million.

For fiscal year 2008, the company maintained its revenue view of $170 million to $180 million. Analysts expect revenue of $172.50 million. (Reporting by Purwa Khandelwal in Bangalore; Editing by Bernard Orr)