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At 8:45 am ET the stock is trading at $17.70 down $4.44 from Wednesday's close.
With the decline, the stock stands to open below support and at its lowest level since mid-July.
The company currently expects third-quarter revenue of $54 to $56 million and non-GAAP net income of $0.35 to $0.36 per share. The previous guidance was non-GAAP net income of $0.38 to $0.39 per share on revenue of $57 to $59 million.
On average, analysts polled by First Call/Thomson Financial expect the company to report earnings of $0.39 per share on revenues of $58.20 million.
For the full year 2008, the company currently expects revenue of $213 to $217 million and non-GAAP net income of $1.43 to $1.46 per share, compared to previous guidance of revenue of $225 to $230 million and non-GAAP net income of $1.52 to $1.55 per share.
Analysts currently expect the company to post earnings of $1.53 per share on revenues of $226.45 million for the full year.
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