Audible (ADBL) reported a third-quarter net loss of $189,000, or a penny a share, compared with net income of $484,000, or 2 cents a share, a year ago. Revenue rose 81% to $16.8 million from $9.3 million last year. The earnings and revenue matched First Call estimates. Audible said it acquired 79,800 customers during the quarter, representing 75% year-over-year growth. The stock was up 57 cents, or 5.6%, to $10.69 after hours.Atari (ATAR) reported a loss of $25.2 million, or 20 cents a share, for the second quarter ended Sept. 30, wider than its year-earlier loss of $16.9 million, or 14 cents a share. Excluding certain charges, the company lost $22.3 million, or 18 cents a share. The video game maker said revenue for the quarter fell to $38.4 million from $67.9 million last year. Wall Street expected a loss of 18 cents a share on revenue of $30.5 million. "As expected, through the first half of fiscal 2006 we have released fewer titles compared to previous years and as a result have reported financial results below historical levels," said Bruno Bonnell, chairman, CEO and chief creative officer of Atari. The stock was unchanged at $1.28.
Early Stocks in Motion
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.