Digitas Shares Tumble

The countdown to Brandweek is on! Join us, Sept. 12-16, to identify new growth opportunities, solve challenges and connect with power players. View the lineup and secure your pass.

BOSTON Shares of Digitas fell nearly 20 percent yesterday in after-hours trading after the marketing company lowered its full-year revenue and earnings estimates.

Boston-based Digitas now projects 2006 fee revenue of $380-395 million, net earnings of 41-49 cents per share and adjusted cash earnings of 54-62 cents per share. Those numbers are down from Digitas’ April estimates of $405-425 million in fee revenue, net earnings of 46-56 cents per share and adjusted cash earnings of 61-71 cents per share.

Shares

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in