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Macromedia, Roxio report earnings

Macromedia today posted a third quarter profit of US$10.8 million or 18 cents per share, compared with a net loss of $42.9 million, or 74 cents per share for the same quarter a year ago. The profit was attributed to strong sales from its Studio MX software suite. Wall Street had expected the company to earn 7 cents a share, according to analysts polled by research firm Thomson First Call. Roxio, makers of the popular Toast CD-burning software, today posted a third quarter net loss of $9.2 million or 47 cents a diluted share, including charges for amortization of intangible assets, compared with net income of $0.6 million, or 4 cents a year earlier. Net revenue totaled $26.4 million versus $36.2 million a year earlier. Analysts had forecast Roxio to report a loss of 12 cents.

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