Loading...
Loading...
RealNetworks
RNWK reported a profit in the fiscal second quarter.
RealNetworks posted a quarterly profit at $81 million, or $2.32 per share, versus a year-ago loss of $6.8 million, or $0.20 per share.
Its revenue dropped to $65.6 million, from $83.8 million, in the year-ago period. Its adjusted loss came in at $6.5 million. However, analysts were expecting a loss of $0.36 per share on revenue of $67.6 million.
RealNetworks expects Q3 adjusted loss of $9 million to $12 million on revenue of $59 million to $62 million.
RealNetworks shares closed at $8.04 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in