“Audible, which is the exclusive provider of spoken-word content for Apple Computer Inc.’s iTunes Music Store, reported a net loss of $189,000, or a penny per share, compared with a year-ago profit of $483,884, or 2 cents per share …Audible shares jumped in after-hours trading as results met Wall Street expectations,” The Associated Press reports. “Revenue surged 81 percent to $16.8 million from $9.3 million a year ago, driven by new customers. Total new customers ballooned 75 percent to 79,800 over the prior-year quarter.
Audible jumped $1.21 to $11.33 in after hours trading.
Full article here.
Full Audible earnings press release here.
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