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Article: Rimage Corporation Reports 1997 Third Quarter Results
- Article from:
- PR Newswire
- Article date:
- October 21, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, Oct. 21 /PRNewswire/ -- Rimage Corporation (Nasdaq: RIMG) today reported net earnings of $526,435 or $.15 per share for the three months ended September 30, 1997, compared to $37,085 or $.01 per share for the same period in 1996. For the nine months ended September 30, 1997, the Company reported net earnings of $947,515 or $.29 per share compared to a net loss of $812,800 or ($.26) per share during the same period in 1996.
Bernie Aldrich, Chief Executive Officer, explained that the greatly improved results are a function of both increased focus on the Company's core business and of improved sales of CD-R products in 1997. The Company ...