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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.

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.