WASHINGTON (dpa-AFX) - Navarre Corp. (NAVR) Tuesday reported a loss for the fourth quarter compared to a profit last year, due mainly to lower revenues.
The Minneapolis, Minnesota-based company reported a fourth-quarter net loss of $3.35 million or $0.09 per share, compared to a net profit of $4.03 million or $0.10 per share last year.
Total revenues for the quarter dropped to $116.74 million from $124.30 million in the prior-year quarter.
Looking ahead, the company expects full-year 2013 revenues in the range of $460.0 million and $480.0 million.
Copyright RTT News/dpa-AFX
© 2012 AFX News
