Jamba, Inc. Q3 Profit Advances 198%

(RTTNews) - Jamba, Inc. (JMBA) announced earnings for its third quarter that increased from last year.

The company said its bottom line advanced to $1.61 million, or $0.10 per share. This was higher than $0.54 million, or $0.03 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 39.1% to $35.50 million. This was down from $58.28 million last year.

Jamba, Inc. earnings at a glance:

-Earnings (Q3): $1.61 Mln. vs. $0.54 Mln. last year. -Earnings Growth (Y-o-Y): 198.1% -EPS (Q3): $0.10 vs. $0.03 last year. -EPS Growth (Y-o-Y): 233.3% -Analysts Estimate: $0.21 -Revenue (Q3): $35.50 Mln vs. $58.28 Mln last year. -Revenue Change (Y-o-Y): -39.1%