Thor's Hammer Falls On Vital Images (VTAL)
Vital Images (VTAL) which provides enterprise advanced visualization and analysis solutions, today announced preliminary second quarter 2007 revenue of approximately $15.1 million to $15.4 million, versus $16.9 million reported in the second quarter of 2006. The second quarter 2007 net loss per share is expected to range from $0.02 to $0.05, compared to net income per diluted share of $0.09 recorded in the second quarter of 2006.
The company also killed its guidance for the year. It revised its forward-looking revenue guidance for the full year ending December 31, 2007, and currently is expecting revenue of approximately $75 million to $80 million, compared with revenue of $70.5 million in 2006. The company’s prior revenue guidance was $90 million to $95 million.
The stock took Thor’s Hammer on its share price and is down 26% to a new 52-week low of just above $19.
Douglas A. McIntyre