Napster Posts Smaller 3Q Deficit
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With a 15 percent jump in revenue from subscriptions, online music retailer Napster said it spent less and lost much less in its third quarter than a year earlier.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment
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Napster is rocking, even if it's doing so before smaller crowds.
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3M Co.  on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer's results came in below Wall Street's estimates for the first time in at least seven quarters.
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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.
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NEW YORK -- Recording company Warner Music Group Corp. said Friday it swung to a profit in the fourth-quarter, bolstered by a hefty settlement benefit, but its results fell short of Wall Street's expectations.
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The US economy grew at a slower-than- expected 3.7 percent annual rate in the third quarter as rising oil prices contributed to a record trade deficit and companies added less to inventories.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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The company posted a strong third quarter, but a less optimistic outlook has its shares near its 52-week low.
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Corrections Corporation of America reported a drop in third-quarter profits Wednesday because of higher taxes, but the nation&#39;s largest private prison company still beat analysts&#39; expectations.
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Napster Inc. said Thursday it narrowed a loss in its fiscal third quarter as the online music retailer added subscribers and generated record revenue.
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Napster announced yesterday that it is testing a new subscription service model that would add portable devices to the list of its subscription service&#39;s supported devices.
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TORONTO - Nortel Networks warned Thursday its third-quarter revenue will be below the $2.6 billion US preliminary unaudited revenues it reported for the second quarter.
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User satisfaction with government Web sites slipped slightly for the third straight year, according to the American Customer Satisfaction Index.
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Cable giant Comcast Corp. on Wednesday posted a smaller third-quarter profit that missed Wall Street expectations, but said digital cable and high-speed Internet subscriptions continued to grow during the period.
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3M Co. MMM.N on Monday reported a 17  percent rise in third-quarter earnings due in part to the weak  dollar, but the diversified manufacturer's results fell short  of Wall Street's estimates for the first time in nearly four  years, sending shares down 5 percent.