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Rimage Lowers Q4 Forecast

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Courtesy of Benzinga.

Rimage Corp (NASDAQ: RIMG) lowered its fiscal fourth-quarter forecast.

Rimage now projects a Q4 loss of $0.12 to $0.14 per share on revenue of around $22 million, versus its earlier forecast for a loss of $0.02 to earnings of $0.01 per share on revenue of $24 million to $26 million.

Rimage reduced its full-year view to earnings between $0.31 and $0.33 per share on revenue of $84 million, versus its earlier forecast for earnings of $0.42 to $0.45 per share on revenue of $86 million to $88 million.

Rimage shares gained 1.85% to close at $13.18 on Friday.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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