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Diamond Multimedia reported third-quarter revenues of $123.2 million, which made for a net loss of $22.2 million, or 63 cents a share. Analysts had expected a much more modest loss of 16 cents a share. In the year-ago quarter, the graphics card maker earned $92 million, for a net loss of $2.5 million, or 7 cents a share. The company blamed the loss on its decision to reduce inventory and manufacturing during the first part of the quarter, which later left the company short of product to sell.