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SAN DIEGO (AP) -- Video compression software company DivX Inc. on Monday lowered its fiscal 2007 earnings outlook due to an expected rise in expenses, but raised its adjusted earnings and revenue expectations. For the year, DivX now expects earnings of between 11 cents and 13 cents per share, compared with an earlier estimate of 12 to 15 cents per share. The company now anticipates an impairment expense of 4 cents per share and a higher-than-anticipated share-based compensation expense. On an adjusted basis, DivX now expects earnings of between 57 cents and 59 cents per share, compared with an earlier estimate of between 48 cents and 51 cents per share. The company also raised its revenue outlook to between $82.4 million and $83.4 million, compared with an earlier estimate of between $80.5 million and $82.5 million. Analysts polled by Thomson Financial expect adjusted earnings of 49 cents per share on $82.3 million in revenue.
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