Software maker

Corel

(CORL)

reported first-quarter earnings today that beat Wall Street's raised estimates by 2 cents.

For the first quarter ended Feb. 28, Corel earned $534,000, or 1 cent a share, up from its year-ago loss of $12.4 million, or 19 cents a share. Two analysts surveyed by

Thomson Financial/First Call

expected the company to lose a penny a share.

Corel posted first-quarter revenue of $32.5 million, down from $44.1 million in the same period last year.