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SAN DIEGO (AP) -- Video compression software company DivX Inc. said Monday its third-quarter earnings declined as rising expenses overshadowed increasing revenue, but it still beat analysts' estimates. DivX shares jumped $1.68, or 14 percent, to $13.55 in after-hours trading. For the quarter that ended Sept. 30, DivX earned $816,000, or 2 cents per share, compared with $3.1 million, or 10 cents per share, in the same quarter last year. Excluding special items, DivX earned 17 cents per share. The company used more than twice as many shares to calculate its per-share earnings in the most recent quarter as it did in the year-earlier quarter. DivX said its revenue rose year over year to $21.9 million from $15.4 million. Analysts polled by Thomson Financial expected adjusted earnings of 12 cents per share on $20.7 million in revenue. DivX's technology licensing revenue grew to $17.1 million from $12.4 million in the same quarter last year, while its media and other distribution and services sales grew to $4.8 million from $2.9 million. The company's expenses rose by $10.9 million to $21.7 million, mainly due to increased selling, general and administrative expenses and a $2.2 million impairment expense.
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