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DOWNERS GROVE, Ill. - FTD Group Inc., a florist network and Web site operator being acquired by United Online Inc., lowered its fiscal 2008 earnings forecast Tuesday due to some charges.
The company now expects net income of $39 million, or $1.31 per share, down from its previous outlook for a profit of $40 million, or $1.35 per share.
FTD Group still anticipates full-year sales of about $645 million.
Analysts polled by Thomson Financial predict 2008 revenue of $645.3 million.
FTD's estimates include charges related to abandoned acquisition opportunities and other items and exclude any additional charges related to the pending United Online transaction that may occur in the fourth quarter.
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