Savvis Gives Revenue Outlook, Shares Down

Shares of Savvis Inc (NASDAQ: SVVS) plummeted more than 8% after the company announced its revenue outlook for the year.

SVVS said it expects its revenue in 2010 to reach between $917 million and $927 million. This was in-line with the average expectations of Wall Street analysts. Savvis also projected its adjusted 2010 EBITDA (earnings before interest, taxes, depreciation and amortization) at $220 million to $240 million.

Shares of SVVS were down 8.83% to $19.72 at 10:01 am.

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