September 28, 1998
InfoUSA Issues Earnings Warning
Database compiler infoUSA, Omaha, NE, expects revenues for the third quarter to fall short of second quarter results because of revenue shortfalls in its consumer CD-ROM division and large business customer division. The company, formerly known as American Business Information, will report quarterly results Oct. 20.
The warning comes on the heels of strong second-quarter revenue gains of 32 percent to a record of $62.1 million.