Message Font: Serif | Sans-Serif
No. of Recommendations: 0

RealNetworks (RNWK ): Reiterates 3 STARS (hold)
Analyst: Scott Kessler
RealNetworks posts earnings per share of 3 cents, after antitrust litigation expenses of 3 cents, vs. a per-share loss of 3 cents, 2 cents above our estimate. Revenues rose 26% on strength in consumer offerings. Notable, in our view, were the 61% gain in music revenues despite Yahoo's launch of a competing service mid-quarter, and a 22% increase in advertising-type revenues largely related to RealNetworks's bundling of Google Toolbars. Although RealNetworks raises its EPS guidance for 2005, our estimate of 7 cents and our discounted cash flow-based 12-month target of $6.50 are unchanged. We think RealNetworks faces sizable competitive challenges.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.