Investing.com - RealNetworks reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
RealNetworks announced earnings per share of $-0.140 on revenue of $11.71M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $12.9M.
RealNetworks shares are down 16% from the beginning of the year , still down 51.36% from its 52 week high of $1.47 set on Tuesday, November 9, 2021.
RealNetworks follows other major Information Technology sector earnings this month
RealNetworks's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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