Friday, May 08, 2009

RealNetworks' suffers net loss as sales drop

"RealNetworks, best known for its RealPlayer software, saw weaker results for the first quarter of 2009, the digital entertainment company said Thursday. Net loss for the quarter ended March 31 was $12.1 million, or a loss of 10 cents a share, versus net income of $2.4 million, or 2 cents per diluted share, in the first quarter of 2008. Revenue was $140.8 million, down 5 percent from $147.6 million a year ago. Results were below estimates from analysts polled by Thomson Reuters, who expected a loss of only 6 cents a share." - cnet
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