Short Take: Citation revenue falls 25 percent

Citation Computer Systems said fourth-quarter and full-year revenue will fall 25 percent--short of analysts' expectations--due to reduced systems sales and lower service revenue. As a result, Citation expects to report a Q4 loss of between 20 cents and 22 cents a share. Analysts were expecting profits of 2 cents a share, according to First Call.

April 9, 1998 5:40 p.m. PT

said fourth-quarter and full-year revenue will fall 25 percent--short of analysts' expectations--due to reduced systems sales and lower service revenue. As a result, Citation expects to report a Q4 loss of between 20 cents and 22 cents a share. Analysts were expecting profits of 2 cents a share, according to First Call.