Markets
U.S. open in 29 hrs, 27 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
RealNetworks posts surprise 3Q profit
AP
SEATTLE -RealNetworks Inc. posted a surprise third-quarter profit Thursday after a year of losses, as cost cutting helped make up for declining revenue.
The digital entertainment company earned $1.5 million, and broke even on a per-share basis. That compares with a loss of $4.5 million, or 3 cents per share a year ago.
Revenue fell 8 percent to $140.3 million.
Analysts expected the company to show a loss of 6 cents per share on sales of $140.9 million, according to a Thomson Reuters poll.
RealNetworks did not provide specific projections for the fourth quarter. The company said it expects revenue to climb from third-quarter levels but fall year-over-year as media software and services and technology products revenue remains flat and music and game revenue declines.
Analysts surveyed by Thomson Reuters have forecast quarterly revenue of $143.5 million, on average.
Shares rose 9 cents to close earlier at $3.87.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-29 20:00:38
COMMENTS ( 0 )
Latest Money News
CNNMoney
- Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1%
- Google set to map the world - and push out GPS makers as a result?
- Washington Mutual gave a mortgage to O.J. Simpson
- Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
- Deere up on Q4 earnings performance