11:04 AM EST - Corel Corp. : reported a fall in profit for the second quarter compared to the year-ago period. For the second quarter, the Ottawa, Ontario based company recorded a net income of US$930 thousand, or US$0.04 per share, compared to US$2.3 million, or US$0.09 per share, in the prior year quarter. On an adjusted basis, net income decreased to US$9.5 million from US$9.8 million in the same period last year. Adjusted earnings per share were US$0.36 compared to US$0.39 in the second quarter of 2007. On average, analysts polled by First Call/Thomson Financial expected US$0.35 per share. Corel Corp.
shares T.CRE are trading unchanged at $10.25.
