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Harris issues weak 2008 profit prediction



By AP
02 May 2008 @ 05:42 pm EST

ROCHESTER, N.Y. - Harris Interactive Inc. on Friday issued fiscal 2008 guidance well below Wall Street predictions, saying that it doesn't expect revenue growth in its health care research practice to return until the 2009 calendar year.

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The market research firm said it now expects to post a 2008 profit of 1 to 3 cents per share on $237 million to $240 million in revenue.

Analysts polled by Thomson Financial expect a profit of 12 cents per share on $246.3 million in revenue.

Harris shares rose 2 cents to $2.33 in aftermarket trading, after falling 21 cents, or 8.3 percent, to $2.31 in the regular session.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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