Roxio Shows Profit For Fiscal Quarter
Roxio, a maker of CD burning software, reports net income of $300,000, or two cents per share, during the fiscal fourth quarter, which ended March 31. This is up from a net loss of $1.9 million, or 12 cents per share, in the same period last year. Revenues were $38.9 million, vs. $36.3 million.
For the fiscal year, Santa Clara, Calif.-based Roxio had net income of $2.3 million, or 14 cents per share, vs. net income of $3.6 million, or 22 cents per share, the prior year. Revenues rose 17% to $142.5 million.
Roxio stock closed yesterday up $1.80 at $23.05.
Roxio stock closed yesterday up $1.80 at $23.05.
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