Roxio Inc., whose software is used for home burning of CDs, slashed its quarterly earnings forecast by more than 80% and cut its revenue outlook, citing weak retail sales, particularly in Europe.
Shares of Santa Clara, Calif.-based Roxio fell to $8 in after-hours trading after closing down 2.4% at $14.95 on Nasdaq.
Roxio said it expects to report revenue for its fiscal first quarter of $31 million and earnings per share, excluding noncash charges, of 2 cents. Including charges it expects to report a per-share loss of 15 cents.
