Earnings: DivX Q2 Near High End; Outlook In Line

This story was written by Joseph Weisenthal.
Digital video technology firm DivX (NSDQ: DIVX) has announced Q2 revenue of $21.3 million, up 16.6 percent from last year. Net income jump to $1.67 million ($.05 per share) from $1.0 million ($.03 per share). Set against a self-provided chart of quarterly expectations, the key numbers all came in high. Adjusted EPS of $.11 per share is slightly ahead of estimates. For the full year, the company is anticipating revenue of $95-$100 million, which is right around current census estimates of $98 million. The company says it's seeing traction in emerging areas such as mobile and gaming.

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By Joseph Weisenthal