Xpedior 3Q revenues to be lower, 2 downgrades
CHICAGO (Reuters) - Xpedior Inc. (XPDR.O), an Internet
services company, said on Tuesday it expects third quarter revenue
to fall about 10 percent from the $62.9 million reported for the
second quarter because of a pullback in spending by dot-com
companies.
Third-quarter revenue is now expected to be about 65 percent
higher than the $34.5 million posted in the year-ago period, the
company said.
``The company will continue to focus on generating EBITDA results as soon as possible,'' said
president and chief executive David Campbell. EBITDA is earnings before interest, taxes,
depreciation and amortization. ``We remain optimistic that Xpedior will return in the fourth quarter
to consistent sequential quarterly revenue growth.''
According to First Call/Thomson Financial, analysts had been expecting a loss of 2 cents a share for
the third quarter and breakeven results for the fourth.
Xpedior, with about 1,700 employees, provides comprehensive eBusiness solutions for Global
2000 companies, government, and emerging digital businesses.
mercurycenter.com
CHICAGO--(BUSINESS WIRE)--Sept. 5, 2000--Xpedior Incorporated (NASDAQ:XPDR)
announced today that it expects third quarter revenue to decline approximately 10% from the $62.9
million the company reported for the second quarter of 2000. Third quarter revenue is now
expected to be approximately 65% greater than the $34.5 million in revenue recorded by Xpedior in
the third quarter of 1999.
"Although revenue this quarter will be lower than expected, we remain excited about the demand
for ebusiness solutions providers and about Xpedior''s prospects for continued strong growth,"
David Campbell, President and CEO of Xpedior said. "Customers are committed to using the
Internet for business. However, the pull back of spending by `dotcom'' businesses has also led to
some delays in decision making among our Global 2000 clients. We are also seeing larger, complex
projects that are more dependent on a clear return on investment model," said Campbell.
"The company will continue to focus on generating EBITDA (1) positive results as soon as
possible," he continued, "and we remain optimistic that Xpedior will return in the fourth quarter to
consistent sequential quarterly revenue growth."
stockhouse.com
Alert: Robinson Humphrey downgrades XPDR to Outperform
(Headline only) Briefing.com - 11:01 AM EDT
Alert: First Union Sec downgrades XPDR to Hold, price target $12 (Headline only) Briefing.com - 09:09 AM EDT
in wake of Viant, IXL bad news;cuts target to $12 from $30 |
