- Napster Inc.

, an L.A.-based digital music company, reported a net loss of $24.3 million (60 cents per diluted share) for the fourth quarter ended March 31, compared with a loss of $6.6 million (20 cents) for the like period a year earlier. Revenue rose to $17.4 million from $6.1 million in the year-ago period.


For the first quarter of 2006, the company expects revenue to increase to between $19 million to $21 million, reflecting modest growth due to the start of the typical summer season for both Internet usage and music sales, caused by the cancellation of most university subscriber accounts.


- Tarrant Apparel Group , an L.A.-based casual apparel maker, reported a net loss of $106,000 (breakeven) for the first quarter ended March 31, compared with a loss of $3 million (10 cents per diluted share) for the like period a year earlier. Revenue rose to $44.8 million from $42.2 million in the year-ago period.


For the full year, the company anticipates sales in the range of $240 million to $250 million and net income to be between $9 million and $12 million.


- Alexandria Real Estate Equities Inc. , a Pasadena-based real estate investment trust, reported net income of $15 million (55 cents per diluted share) for the first quarter ended March 31, compared with $15.3 million (67 cents) for the like period a year earlier. Revenue rose to $56.1 million from $42.8 million in the year-ago period.


For the full year, the company expects earnings of $2.43 per share.

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