Viant Corp. (Nasdaq: VIAN) fell in early trading Friday, losing 5 to 8 7/8 in the first few minutes, after the company warned of a third quarter loss and a drop in revenue because of a slump in the e-business consulting industry.
The Boston, Massachusetts-based Internet consultant said revenue for the quarter ending September 29th will be 12 to 15 percent below the second quarter’s $38.5 million, and it will report a per-share loss. In last year’s third quarter, Viant earned 3 cents per share on revenue of $18.8 million.
“With the perceived threat from dot-com companies reduced, many Global 2000 companies have slowed down their e-business initiatives,” said Viant president Bob Gett.
The company will report third quarter results the week of October 23rd.