DRIV (DIGITAL RIVER). Get in on internet IPO. Message Board

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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

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From: JakeStraw	3/21/2006 12:23:45 PM
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Digital River, Inc. Raises First Quarter Revenue and Non-GAAP Earnings Guidance biz.yahoo.com Tuesday March 21, 8:00 am ET MINNEAPOLIS--(BUSINESS WIRE)--March 21, 2006--Digital River, Inc. (NASDAQ:DRIV), a global leader in e-commerce outsourcing, today announced updated guidance for its first quarter ending March 31, 2006. The Company now expects: Revenue of $77 million compared to previous guidance of $70 million. Non-GAAP earnings of $0.48 per share compared to previous guidance of $0.40 per share. The non-GAAP results exclude amortization of purchased intangibles and stock-based compensation expense, are taxed at a 34% rate, and include the impact of the shares resulting from conversion of the Company's contingent convertible notes. The Company is not providing a reconciliation to GAAP earnings per share, as the non-GAAP adjustments cannot be quantified without unreasonable effort at this time. The Company expects to provide updated full-year 2006 guidance when it releases its first quarter results in late April.

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