Weaker-Than-Expected Results
SEATTLE (Reuters) - Internet media software company RealNetworks Inc.
(NasdaqNM:RNWK - news) warned on Wednesday that its revenue and
earnings for the fourth quarter will fall short of expectations due to the current
weak market for Internet-related spending.
The company said it expects to report fourth-quarter pro forma diluted
earnings per share of around 2 cents and revenue in the range of $58 million
to $60 million.
Wall Street analysts on average had expected the company to earn 4 cents a
share in the fourth quarter.
``We are not immune to the current market environment for Internet-related spending, and we've made
adjustments to our near-term growth expectations. At the same time, we remain highly confident in our
fundamentals, leadership position, and long-term prospects,'' Rob Glaser, the company's chairman and chief
executive officer, said in a statement.
The company also announced that more than 125,000 consumers have become paying subscribers to its Gold
Pass service combining premium audio and video content, software, games and services.
SEATTLE (Reuters) - Internet media software company RealNetworks Inc.
(NasdaqNM:RNWK - news) warned on Wednesday that its revenue and
earnings for the fourth quarter will fall short of expectations due to the current
weak market for Internet-related spending.
The company said it expects to report fourth-quarter pro forma diluted
earnings per share of around 2 cents and revenue in the range of $58 million
to $60 million.
Wall Street analysts on average had expected the company to earn 4 cents a
share in the fourth quarter.
``We are not immune to the current market environment for Internet-related spending, and we've made
adjustments to our near-term growth expectations. At the same time, we remain highly confident in our
fundamentals, leadership position, and long-term prospects,'' Rob Glaser, the company's chairman and chief
executive officer, said in a statement.
The company also announced that more than 125,000 consumers have become paying subscribers to its Gold
Pass service combining premium audio and video content, software, games and services.