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Gemstar-TV Guide Posts Narrower Q2 Loss On Lower Revenues - Update
(RealTimeTraders.com) - Thursday, media company Gemstar-TV Guide International, Inc. (GMST) revealed its second quarter financial results, reporting a loss for the period considerably narrower than last year despite lower revenues.
The company reported a net loss for the quarter of $22.5 million, or $0.06 per diluted share, in comparison to a loss of $886 million, or $2.15 per diluted share in the year-ago quarter.
Gemstar quarterly revenues were $226 million, down from $259.3 million posted in the same quarter last year.
On Thursday, shares of GMST ended at $4.60.
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