Earnings: DivX Q1 Revs Up 24 Percent; Full-Year Outlook Raised

Digital encoding firm DivX (NSDQ: DIVX) announced Q1 revenue of $25 million, a 24 percent increase from $20.2 million in the year-ago quarter. Net income slid to $2.48 million ($.07 per share) from $3.6 million ($.10 per share), although this current quarter included various one-time charges. Among them: the shutdown of video sharing site Stage6, which cost the company $.06 per share. Impairment ......
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