11:29 AM EST - Corel Corp. : announced a GAAP net income of $1.2 million, or $0.05 per share, compared to GAAP net income of $3.3 million, or $0.13 per share in the prior year. On an adjusted basis, net income came in at $11.4 million, or $0.43 per share, compared $13.4 million, or $0.51 per share a year ago. On average, three analysts polled by Thomson Reuters expected the company to earn $0.42 per share. Analysts' estimates typically exclude special items. Revenues in the quarter were $69.4 million, down 4% from $72.4 million in the previous year. Corel Corp.
shares T.CRE are trading down $0.43 at $3.57.
