Musicland 3Q Earnings Dip

Musicland Stores Corp. reports that third-quarter net earnings fell to $62,000, or zero cents per share, from $728,000, or 2 cents per share, a year ago. Sales rose less than 1% to $389.4 million. Bricks-and-mortar stores earned $2.2 million on revenues of $387.9 million; the e-commerce division had a loss of $2.1 million. Shares in Minneapolis-based Musicland closed down 31 cents yesterday at $6.69.

In other financial news:

? MP3.com's third-quarter net loss rose to $48.7 million, or 74 cents per share, from loss of $19.9 million, or 33 cents per share, in the same period last year. Revenues rose to $20.5 million from $4.1 million. MP3.com shares closed up 63 cents at $4.63 before yesterday's announcement, made after the market closed.

? Ticketmaster Online-Citysearch posted a third-quarter loss of $49.1 million, or 55 cents per share, vs. loss of $31.7 million, or 41 cents per share, in third-quarter 1999. Revenues increased to $57.1 million from $27.4 million. Shares in the company closed up $1.44 at $12.06 ahead of the announcement.

? Digital services firm Loudeye Technologies posted a third-quarter net loss of $9.5 million, or 27 cents per share, vs. loss of $2.2 million, or 12 cents per share, a year ago. Revenues increased to $3.4 million from $768,000. Loudeye shares closed up 19 cents at $4.50.