Revenue Update on RealNetworks Inc(NASDAQ:RNWK)

RealNetworks Inc(NASDAQ:RNWK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $29.73M. Analysts estimated a revenue of $28.10M. Earnings per share were $-0.22. Analysts had estimated an EPS of $-0.39.

RealNetworks Inc (RNWK) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.84% at a volume of 19,201. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.75. The peak price level was also seen at $4.75 while the days lowest was $4.68. Finally the shares closed at $4.7. The 52-week high of the shares is $4.838 while the 52-week low is $3.0398. According to the latest information available, the market cap of the company is $173 M.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Michael Parham (SVP General Counsel) sold 12,000 shares at $4.11 per share price.Also, On Dec 7, 2015, Dominique Trempont (director) sold 17,000 shares at $4.00 per share price.

RealNetworks Inc. (RealNetworks) is engaged in creating applications and services which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers mobile carriers and other businesses. The Company operates through three segments: RealPlayer Group Mobile Entertainment and Games. The Company’s RealPlayer Group business consists of its video sharing and storage product RealPlayer Cloud. Its Mobile Entertainment consists of the digital media services it provides to network service providers as software as a service (SaaS) offerings. The Company owns and operates casual games service offering casual games via digital downloads online subscription play third-party portals social networks and mobile devices.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

RealNetworks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on RealNetworks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.