RealNetworks Post-Rhapsody Reports Small Profit From Lower Revenues

  • image from news.cnet.com Q1 revenue fell 9%
    to $128.6M from $140.8M in the previous year quarter
  • Net income of $3.2M or 5 cents a share vs. a net loss of $12.M or 10 cents a share last year
  • Q1 numbers a $10.9M restructuring gain when it spun off Rhapsody and a one time $2.6M tax benefit
  • Real expects Q2 to be the low point in 2010, but anticipates improvement in the second half of the year
  • The report beat analyst who had forecast revenues of $125.64 million, according to Thomson Reuters.

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