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FTD Group lowers fiscal 2008 earnings forecast on charges

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May 6, 2008

DOWNERS GROVE, Ill.—FTD Group Inc., a florist network and Web site operator being acquired by United Online Inc., lowered its fiscal 2008 earnings forecast Tuesday due to some charges.

The company now expects net income of $39 million, or $1.31 per share, down from its previous outlook for a profit of $40 million, or $1.35 per share.

FTD Group still anticipates full-year sales of about $645 million.

Analysts polled by Thomson Financial predict 2008 revenue of $645.3 million.

FTD's estimates include charges related to abandoned acquisition opportunities and other items and exclude any additional charges related to the pending United Online transaction that may occur in the fourth quarter.

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