did better than Wall Street expected in the latest fourth quarter, posting a loss of 5 cents a share.
The loss for the quarter came to $3.1 million, improving on a loss of $10.6 million, or 17 cents a share, in same period a year ago. The Internet music provider's revenue for the fourth quarter was $22 million, up from $15.3 million in the year-ago period.
Six analysts consulted by
First Call/Thomson Financial
expected the company to lose 13 cents a share for the latest quarter.
Investors seemed to like MP3.com's numbers, as the stock rose to $6.25 in after-hours
trading. MP3 closed the regular
session at $4.97.