Gemstar TV-Guide International more than doubled its fourth quarter net income, sending shares up slightly in after-hours trading.
Gemstar-TV Guide International Inc. reported fourth-quarter net income of $31.8 million (7 cents a share), a 150 percent jump from $12.7 million (3 cents) for the same period a year earlier, beating analysts’ predictions of 4 cents per share, according to Thompson Financial.
Revenues for the Los Angeles-based media company increased 12 percent to $145 million, driven by higher advertising and interactive revenue, the company said.
For the year, net income rose 32 percent to $72.5 million (17 cents) while revenue fell 5 percent to $571.3 million.
Shares in Gemstar closed down 6 cents to $4.04 but gained 15 cents to $4.19 in aftermarket trading.