SAN FRANCISCO (Thomson Financial) - Shares of Rimage Corp. rose Wednesday
after the company posted fourth-quarter earnings that were 25% above year-ago
figures.
For the quarter ended Dec. 31, the Minneapolis-based CD-R and DVD-R products
company posted earnings of $4.52 million, or 45 cents a share, versus $3.63
million, or 34 cents a share, a year earlier.
The company expects first-quarter earnings of 21 cents to 26 cents a share
on revenue of $22 million to $24 million.
Rimage also said its board has authorized the repurchase of 500,000 shares
in addition to a previous 500,000-share buyback authorization.
Rimage stock rose 11% to $23.91.
Brigid Gaffikin
bg/vj
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