Stock Watch: Q3 Loss Prediction Sends Lante Lower

Lante Corp. (Nasdaq: LNTE) was down 1 1/16 at 3 11/16 early Wednesday, after the Internet consulting company warned of a revenue shortfall and loss for the third quarter.

Revenue will likely be 12 to 15 percent below the $23.6 million reported for the second quarter, while the loss before items will range from $6 million to $7 million, Lante said.

“Third-quarter revenue and earnings were adversely affected by a few of our dot-com clients whose funding became uncertain,” said president and chief executive officer Rudy Puryear.

“While we are gaining traction with these larger deals, the longer selling and contracting cycles contributed to lower utilization of our professionals during the third quarter,” Puryear said, adding that the company expects some revenue improvement in the fourth quarter.

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