Rimage 3Q Profit Rises

Rimage 3Q Profit Rises

Rimage Corp., which makes CD and DVD publishing and duplication systems, said Tuesday its third-quarter profit rose 9 percent, helped by favorable tax rates.

Quarterly earnings climbed to $4.4 million, or 43 cents per share, from $4.1 million, or 39 cents per share, during the same period last year.

Results were helped by higher-than-expected tax-exempt interest income and a reduction in a prior year's tax reserve which pushed down the effective tax rate, Rimage said.

Revenue dropped 11 percent to $24.8 million from $28 million in the year-ago quarter. Rimage said sales in last year's quarter benefited from a retail order of $6 million.

"Our third-quarter operating results benefited from strong sales of our mission-critical Producer CD/DVD publishing systems for retail and medical imaging applications, as well as the introduction of our next-generation P3 Producer product line during the quarter," said Bernard P.

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