Iomega Corp., a maker of data storage devices best known for the Zip drive, said Friday that its first-quarter profit rose, helped by climbing consumer products revenue.
For the quarter that ended March 31, Iomega earned $1.9 million, or 4 cents per share, compared with $1.1 million, or 2 cents per share, in the year-ago quarter.
The company's revenue rose 26.2 percent to $95.9 million.
Analysts polled by Thomson Financial expected a profit of 5 cents per share on $92 million in revenue. The estimates generally exclude special items.
Iomega said that revenue in its consumer products segment climbed, with revenue from consumer storage solutions _ which includes hard disks and optical and floppy drives _ rising 42.9 percent to $75 million.
The company's operating expenses also declined slightly to $11.3 million from $13.2 million.
Data storage systems maker EMC Corp. agreed to acquire Iomega in April for $213 million, and said near the end of the month that would begin a tender offer to acquire all outstanding Iomega shares. The tender offer is set to end at midnight on May 21.
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