UPDATE 1-WebMD cuts 2008 view

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April 23 (Reuters) - Health information services provider WebMD Health Corp (WBMD.O) cut its 2008 view for the second time this year to reflect a shift in certain of its customers' consumer advertising purchases towards shorter term buying commitments.

The company, which is merging with its parent HLTH Corp HLTH.O, expects net income of $29.5 million to $37.5 million, or 48 cents to 60 cents a share, on revenue of $380 million to $395 million for the year.

The company had previously forecast net income of $36.5 million to $46.0 million and revenue of $395 million to $415 million.

Analysts on average were expecting the company to earn 69 cents a share before items, on revenue of $405.3 million for 2008, according to Reuters Estimates.

For the first quarter, the company expects to realize the high end of the range for revenue and net income. In February, the company said it expects $80 million to $82 million in revenue and 2.5 percent to 4 percent of revenue as net income.

Analysts expect earnings of 5 cents a share, before items, on revenue of $82.7 million for the first quarter.

WebMD shares closed at $29.03 Tuesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Anil D'Silva)