Savvis Gives Revenue Outlook, Shares Down

Shares of Savvis Inc 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. Read more from Benzinga's Company news.