Key Developments For Digital River, Inc.
Digital River, Inc. (DRIV.O) (Nasdaq)
Digital River, Inc. Wins New Email Marketing Clients
Digital River, Inc. announced it has signed email marketing agreements with several new clients, including Omni Hotels, a hospitality company with a portfolio of luxury hotels and resorts across North America, and Rain Bird Corporation, a manufacturer and provider of irrigation products and services.
Digital River, Inc. Issues Q4, FY 2009 Outlook; EPS Outlook Below Analysts' Estimates
Digital River, Inc. announced that for the fourth quarter of 2009, it expects total revenue range of $94 - $98 million, GAAP diluted net income per share of $0.18 - $0.22 and non-GAAP diluted net income per share of $0.30 - $0.34. For fiscal 2009, the Company expects revenue of approximately $393 - $397 million, GAAP diluted net income per share of $1.23 - $1.27 and non-GAAP diluted net income per share of $1.69 - $1.73. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.42 on revenue of $96 million for the fourth quarter of 2009; and EPS of $1.81 on revenue of $394 million for fiscal 2009.
Digital River, Inc. and Philips Extend E-Commerce Agreements for Two Years
Digital River, Inc. announced a two-year extension of its global e-commerce agreements with Philips Consumer Lifestyle, a division of Philips Electronics North America Corporation, and Philips Consumer Relations B.V. Based on the agreements, which run through 2011, Digital River will continue to manage global branded online stores for Philips` consumers, employees and business partners.
Digital River, Inc.'s Netgiro Systems Wins New E-Retail Clients In Europe And North America
Netgiro Systems, a global payment service provider and business unit of Digital River, Inc., announced it has signed new online payment processing agreements with e-retail clients from Europe and North America. These companies are using Netgiro`s payment processing platform and cash management solution to manage payments flows for online sales in Europe, Asia Pacific and United States.
Digital River, Inc. Sees Q3 2009 Guidance Slightly Above Top End Of Previous Guidance
Digital River, Inc. announced that for the third quarter of 2009, it expects financial results will be at or slightly above the top end of the guidance it provided on July 29, 2009. At that time, the Company said it expected third quarter of 2009, revenue of $96.5 - $98.5 million, GAAP diluted net income per share of $0.26 - $0.29 and non-GAAP diluted net income per share of $0.38 - $0.41, both assuming a 27% tax rate. According to Reuters Estimates, analysts were expecting the Company to report revenue of $97.8 million and EPS of $0.41 for the same period.
