paidContent - RealNetworks Warns It Will Miss Analysts' Revenue Estimates
This story was written by David Kaplan.
RealNetworks (NSDQ: RNWK) is trying to prepare investors next week for what looks to be a dismal Q2 earnings report. The Seattle-based streaming media company says its Q2 revenues will range between $134 million and $136 million. A consensus forecast from Thomson Reuters (NSDQ: TRIN) analysts have been anticipating Q2 revenues of $139.2 million, AP reported.
On top of that, RealNetworks also expects to report a impairment charge of up to $176 million. The company attributed the charge to its poorly performing stock price—its closed down $0.03 to end at $2.87 a share today. But the charge will not have an effect on cash flow. RealNetwork said it ended Q2 with $363 million in cash, or $10 million less than what it reported in Q208. Its full earnings report is scheduled for after the market closes on July 30. Release
By David Kaplan