RealNetworks warns of Q4 shortfall

Summary:RealNetworks became the latestcompany to get hit by slowing online advertising sales.The company said Wednesday that its fourth-quarterearnings would be about 2 cents a share, about half ofwhat Wall Street was expecting.

RealNetworks became the latest company to get hit by slowing online advertising sales. The company said Wednesday that its fourth-quarter earnings would be about 2 cents a share, about half of what Wall Street was expecting.

Earnings tracking firm First Call Corp. projected earnings of 4 cents a share. Revenue for the fourth quarter would be between $58 million and $60 million, up 33 percent to 38 percent from a year ago. In after-hours trading, shares of RealNetworks fell 42 percent, or $4.68, to $6.31. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor

Topics: Tech Industry

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