Live: 300+ Best Black Friday Deals Live: Black Friday TV Deals BF Deals Under $25 BF Deals Under $50 5 BF Splurges 8 BF Must-Haves 15 Weird Amazon BF Deals BF Cheat Sheet
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Short Take: Checkfree shares tumble

Checkfree shares tumbled 13 percent after Lehman Brothers analysts cut their fiscal 1997 revenue estimate by 7.5 percent. Shares fell 2-5/8 to 17 on trading of 2.5 million shares. A Lehman analyst attributed the revised estimate to Checkfree's lower than expected subscriber growth and to a delay in the close of the company's purchase of Intuit's Intuit Services unit.

Checkfree shares tumbled 13 percent after Lehman Brothers analysts cut their fiscal 1997 revenue estimate by 7.5 percent. Shares fell 2-5/8 to 17 on trading of 2.5 million shares. A Lehman analyst attributed the revised estimate to Checkfree's lower than expected subscriber growth and to a delay in the close of the company's purchase of Intuit's Intuit Services unit.