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Monday, July 23, 2001
Roxio sees 1st quarter results exceeding expectations

"...Roxio on Monday said its first-quarter results should exceed expectations due to strong consumer demand for recording products. The company said revenues and pro forma earnings per share should beat previous targets. In May, Roxio said it expected to post earnings of 26 cents per share on revenues of $35 million. Analysts peg Roxio at a profit of 25 cents per share with estimates ranging from 23 cents to 26 cents per share, according to tracking firm Thomson Financial/First Call. Shares of Roxio ended Friday at $10.21, off a year high of $17 but up from a low of $9.60..."

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