Key Developments: Digital River Inc (DRIV.O)
17.92USD
14 Jun 2013
$-0.10 (-0.55%)
$18.02
$17.99
$18.07
$17.85
178,974
286,861
$18.70
$12.80
Latest Key Developments (Source: Significant Developments)
Digital River Inc Issues Q2 Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Digital River Inc announced that for the second quarter of 2013, it expects revenue, ranging from $89 to $92 million; GAAP net loss, ranging from a net loss of $0.31 to a net loss of $0.27 per share; and non-GAAP EPS, ranging from $0.01 to $0.04 per diluted share. For fiscal 2013, it expects revenue growth of 2% to 5%; GAAP net loss, ranging from a net loss of $0.90 to a net loss of $0.77 per share; and Non-GAAP EPS, ranging from $0.55 to $0.65 per diluted share. The Company reported revenue of $386.22 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue $93 and EPS of $0.13 for the second quarter of 2013; revenue of $395.5 million and EPS of $0.78 for fiscal 2013. Full Article
Digital River Inc Announces Management Change-Form 8-K
Digital River Inc reported in its Form 8-K that on March 21, 2013, Digital River, Inc. (Company) and Thomas M. Donnelly, its President, entered into a Transition and Separation Agreement. Mr. Donnelly is leaving the Company, effective April 30, 2013, to pursue other interests. Mr. Donnelly was considered in the Company’s search for a permanent Chief Executive Officer (CEO) and was the internal candidate for the position. On February 28, 2013, the Company announced the selection of an external candidate for the position - David C. Dobson. Mr. Dobson will assume Mr. Donnelly’s responsibilities. Full Article
Digital River Inc Names David C. Dobson as Chief Executive Officer
Digital River Inc announced that its board of directors has appointed David C. Dobson Chief Executive Officer. Dobson, who will also join Digital River`s board of directors. Dobson succeeds Digital River`s Chairman Thomas Madison, who has served as interim chief executive officer while the Company conducted a search for a permanent replacement. Madison will continue to serve as the non-executive chairman of Digital River`s board of directors. Full Article
Digital River Inc Issues Q1 2013 Guidance Below Analysts' Estimates
Digital River Inc announced that for the first quarter of 2013, it expects revenue in the range of $101 to $104 million, GAAP EPS, ranging from a loss of $0.14 to a loss of $0.09 per share, using a 17% tax rate; and Non-GAAP EPS, ranging from $0.18 to $0.22 per diluted share, using a 21% tax rate. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue $98.02 and EPS of $0.25 for the first quarter of 2013. Full Article
Digital River Inc Announces Sale Of CCNow To Snorrason Holdings
Digital River Inc announced that it has sold its subsidiary CCNow, Inc. to Snorrason Holdings, a privately-held e-commerce service provider. CCNow is an online retailer and provider of online checkout services primarily for small to mid-sized businesses. Snorrason purchased CCNow in an all cash transaction. Other financial terms related to the agreement were not disclosed and are not material to Digital River's results of operations. Full Article
Digital River Inc and Trend Micro Extend Global Online Commerce Contract
Digital River Inc announced an extension of its agreement with Trend Micro, a company into cloud security and a long-standing client of Digital River since 2001. As part of the renewal agreement, which runs through December of 2014, Digital River is managing the online commerce and e-marketing solutions for select Trend Micro regional e-stores. Full Article
Digital River Inc Issues Q4 2012 Guidance; Narrows FY 2012 Revenue Guidance; Lowers High End Of Prior FY 2012 EPS Guidance
Digital River Inc announced that for fourth quarter of 2012, it expects revenue to be between $96 to $100 million, GAAP EPS to be between $0.08 to $0.15 per diluted share and non-GAAP EPS to be between $0.25 to $0.31 per diluted share. For fiscal 2012, it expects revenue to be between $381 to $385 million, GAAP EPS to be between $0.20 to $0.27 per diluted share and non-GAAP EPS to be between $0.96 to $1.01 per diluted share. Full Article
Digital River Inc Announces CEO Succession Plans
Digital River Inc announced that Founder Joel A. Ronning has stepped down as Chief Executive Officer. Mr. Ronning will continue to serve as Chairman of the Board until December 31, 2012, when he will retire from the board. Lead Independent Director Thomas F. Madison has been named interim Chief Executive Officer. The board of directors is conducting a search for a permanent CEO and has retained Spencer Stuart to assist with the process. The board will consider both internal and external candidates for the CEO position. Full Article
Digital River, Inc. Issues Q3 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Digital River, Inc. announced that for the third quarter of 2012, it expects revenue, ranging from $88 to $91 million; GAAP EPS, ranging from a loss of $0.09 to a loss of $0.02 per share, and Non-GAAP EPS, ranging from $0.12 to $0.18 per diluted share. For fiscal 2012, it expects Revenue, ranging from $378 to $390 million; GAAP EPS, ranging from $0.22 to $0.38 per diluted share and Non-GAAP EPS, ranging from $0.96 to $1.08 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $97 million and EPS of $0.26 for the third quarter of 2012; revenue of $406 million and EPS of $1.22 for fiscal 2012. Full Article
Digital River, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates
Digital River, Inc. announced that for the second quarter of 2012, it expects revenue ranging from $92-$94 million; GAAP EPS, ranging from break-even to a loss of $0.02 per diluted share and Non-GAAP EPS, ranging from $0.17 to $0.19 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $95 million and EPS of $0.22 for the second quarter of 2012. Full Article
Earnings vs. 
Estimates
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