Corel reports Q2 profit declines, offers Q3 guidance

Corel Corporation (Nasdaq:CREL) reported early Thursday its second-quarter net income was $0.93 million, or $0.04 per share, compared with $2.3 million, or $0.09 a share, for the same quarter a year ago. The Canada-based software company provided guidance for the 2008 third-quarter with revenue of $63 million to $65 million. Full-year revenues should be between $263 million and $275 million. Ahead of the bell on Thursday, shares of Corel were flat at $9.32 apiece.

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