This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Audible Narrows Loss

Updated from 4:58 p.m. EST

Audible (ADBL) posted a loss for the fourth quarter, but it was less than the year earlier's and not as much as analysts had feared.

The audio entertainment company also bested the Street's forecast for its top line.

For the fourth quarter, Audible said Tuesday that it lost $700,000, or 3 cents a share, compared with a loss of $2.2 million, or 9 cents a share, in the year-ago quarter.

Analysts polled by Thomson First Call had anticipated a loss of 7 cents a share.

Audible reported revenue of $23.3 million, rising from $18.3 million in the same quarter last year and beating the $21.9 million average analyst forecast.

"The 4th quarter of 2006 delivered across-the-board improved financial results for Audible," Donald Katz, CEO and chairman of Audible, said in a statement. "We saw a strong seasonal sales lift during the quarter, as well as positive results from focused promotional merchandising efforts."

Audible added 70,400 new "AudibleListener" members during the quarter, a boost of 13.3% over the same period last year.

Sales from Apple's (AAPL - Get Report) iTunes Music Store contributed 27% of consumer content revenue. Last year, Audible extended its exclusive deal with Apple until September 2010.

Katz also said on a conference call that Apple's new iPhone will be Audible-ready when it debuts in June. During the quarter, 27 new Audible-ready digital media devices were added from companies such as iRiver and Garmin (GRMN - Get Report), among others.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
GRMN $42.63 0.00%
PSO $11.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs