NEW YORK (Thomson Financial) - Napster Inc. late Monday said it narrowed its
fiscal fourth quarter net loss to $4.3 million, or 10 cents a share, from $8.5
million, or 20 cents a share, a year earlier.
Analysts polled by Thomson Reuters, on average, had expected a loss of 13
cents a share.
Sales rose 6% to $30.8 million from $29.1 million a year earlier, just above
the $30.7 million mean estimate.
The Los Angeles, Calif.-based online digital music subscription company said
it expects "relatively flat operating expenses, losses, EPS and cash flow," on
revenue of $30 million to $31 million for the first fiscal quarter. Wall Street
is looking for a loss of 9 cents a share on sales of $31.6 million for the June
period.
Shares of Napster ended the regular session at $1.69, up 4%.
Michelle Rama
mr/gm
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