RealNetworks (RNWK) Beats By 5c; Positive Guidance; Increases Buyback; Potential IPO Spinoff
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- RealNetworks (RNWK) Beats By 5c; Positive Guidance; Increases Buyback; Potential IPO Spinoff
- RealNetworks Announces Intention to Spin Off Its Casual Games Business
- RealNetworks Announces First Quarter 2008 Results
RealNetworks (Nasdaq: RNWK) reports Q1 EPS of $0.02, 5 cents better than the analyst estimate of ($0.03). Revenues for the quarter were $147.6 million, versus the consensus of $141.57 million.
Sees Q2 breakeven to a loss of 4c, versus consensus of loss of 2 cents. FY breakeven to a loss of 5 cents versus consensus of loss of 6 cents.
Okays an additional 50 million buyback. Plans to spinoff its casual games unit to an IPO.
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