http://apnews.excite.com/article/20020206/D7HGS1680.htmlBuoyed by strong holiday sales, consumer electronics maker SONICblue Inc. on Wednesday reported a narrower fourth-quarter loss than expected.
SONICblue, maker of Rio audio players, Go-Video DVD/VCR players and ReplayTV digital video recorders, said its net loss for the quarter ending Dec. 31 was $44.1 million, or 47 cents a share. In the year ago period, the company reported a loss of $67.5 million, or 72 cents a share.
The Santa Clara-based company said its pro forma operating loss was $6.8 million, or 7 cents a share, smaller than the estimated loss of 9 cents a share by analysts surveyed by Thomson Financial/First Call.
Revenue for the quarter was $79.6 million, lower than the $99.2 million in the year-ago period, but substantially higher than the $58 million Wall Street analysts were expecting.
"Our strong fourth-quarter performance is further validation of the successful actions we have taken in 2001 to become a profitable, broad-based, digital entertainment device company," said John Todd, the company's chief operating officer.
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