Digital River warns of sales slowdown

Shares of e-retailer Digital River got hammered in after-hours trading Tuesday after it said it expects a slowdown in second-quarter sales to continue for the rest of the year. The stock fell $2.58 or 14.5 percent in after-hours trading, to $15.21. Minnetonka-based Digital River, which operates online stores for many software and consumer electronics makers, reported that revenue for the quarter ending June 30 fell 2 percent to $90.8 million.
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Shares of e-retailer Digital River got hammered in after-hours trading Tuesday after it said it expects a slowdown in second-quarter sales to continue for the rest of the year. The stock fell $2.58 or 14.5 percent in after-hours trading, to $15.21. Minnetonka-based Digital River, which operates online stores for many software and consumer electronics makers, reported that revenue for the quarter ending June 30 fell 2 percent to $90.8 million.

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