RealNetworks Q1 EPS Misses; Declines to Forecast
Internet streaming media software developer RealNetworks (RNWK) this evening reported Q1 sales of $140.8 million, down 5 percent year over year, and in line with analysts’ estimates, and a net loss of 10 cents per share, worse than the 6-cent loss expected.
Citing “uncertainty regarding consumer spending,” the company declined to give a forecast for the current quarter. “The company expects 2009 to be a challenging year for consumer spending, online advertising and corporate infrastructure spending,” reads the company’s press release.
