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Planet Payment lowers FY'17 revenue guidance

Planet Payment Inc. has revised its guidance for the full 2017 year and now expects net revenue in the range of $57.0 million to $59.0 million.

Previously, the company was expecting net revenue to be between $60.1 million and $61.5 million.

Net income is still estimated to be in the range of $9.1 million to $10.1 million, and EPS is still expected to be between 16 cents and 18 cents.

Additionally, the company reported second-quarter net income of $2.0 million, or 4 cents per share, compared with $1.3 million, or 2 cents per common share, in the year-ago period.