Rimage Corp. dives after missing Wall Street Q1 profit estimate
Shares of Rimage Corp. (Nasdaq:RIMG), a maker of CD and DVD publishing systems, are plunging more than 22% after reporting first-quarter net income of $1.8 million, or $0.18 per share, down 14% from $2.1 million, or $0.20 per share, a year earlier. Wall Street expected earnings of $0.26 per share.
In Wednesday morning trading, RIMG shares are plunging 23.72%, or $5.55, at $17.85. For detailed price information and recent news stories about Rimage, click RIMG.
