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RAZORFISH STOCK SINKS ON Q3 SHORTFALL

News, 09 October 2000


Internet agency Razorfish saw shares plummet 43% after it declared an anticipated fall in third-quarter revenues due to an unexpectedly large decline in its European businesses.

The shop’s shares hit $5 on Friday, marking a 52-week low. Razorfish estimates that it will earn only between 1 and 4 cents per share in Q3, compared to 8 cents in Q2.

News source: Advertising Age - Interactive Daily