Rentrak's (RENT) Underweight Rating Maintained at Albert Fried
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Rentrak Reports Fiscal 2016 First Quarter Financial Results
August 10, 2015 4:05 PM EDTPORTLAND, Ore., Aug. 10, 2015 /PRNewswire/ -- Rentrak Corporation (Nasdaq: RENT), the leader in precisely measuring movies and TV everywhere, today announced financial results for its first fiscal quarter ended June 30, 2015.Â
Revenue for Rentrak's TV Everywhere product line increased 49 percent for the first quarter of fiscal 2016 to $15.6 million, up from $10.5 million for the same period last year. Total company revenue increased 23 percent to $27.5 million for the fiscal 2016 first quarter, up from $22.3 million for the same period last year.
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