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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.