Razorfish Reaffirms Q2 Guidance

NEW YORK — Razorfish reaffirmed its second-quarter guidance Tuesday.

The guidance, provided by Razorfish in April, projected that Q2 revenues before reimbursements for direct costs would reach $10.3 -11.3 million. The New York-based i-shop also said it anticipates pro forma net earnings, which exclude non-cash compensations, restructuring charges, impairment loss and amortization of intangibles, of $500,000-1 million for the quarter.

In the first quarter, Razorfish reported total revenues of $11.3 million and pro forma net income of $900,000, or a penny a share.

The i-shop said it plans to report its full quarterly operating results in the next couple of weeks once it replaces its former independent auditor, Arthur Andersen, which was dismissed on July 1.

Razorfish stock [RAZFD] closed Wednesday at $2.24, down 4 cents. Its 52-week high is $26.33 and 52-week low is $2.07