Navarre Corp. (NAVR) reported net income for the third quarter of $7.2 million or $0.20 per share, compared to a loss of $47.7 million or $1.32 per share in the year-ago quarter.
Net sales for the quarter decreased 22% to $133.3 million from $171.6 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.06 per share, on revenues of $155.21 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead, the company now expects net sales to be in the range of $25 million and $525 million for fiscal 2010.
Analysts currently expect sales of $532.01 million for fiscal 2010.
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