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Short Take: CDNow falls short of analyst expectations

CDNow missed analysts' estimates, posting a quarterly net loss of $9.2 million, or 78 cents a share. Two analysts had predicted that the company would report losses of 67 cents per share. The Internet music retailer posted a $544,000 net loss for the same period a year ago. CDNow's revenues came in at $10 million, a 288 percent increase over the year-ago quarter, which ended March 31.

CDNow missed analysts' estimates, posting a quarterly net loss of $9.2 million, or 78 cents a share. Two analysts had predicted that the company would report losses of 67 cents per share. The Internet music retailer posted a $544,000 net loss for the same period a year ago. CDNow's revenues came in at $10 million, a 288 percent increase over the year-ago quarter, which ended March 31.