RealNetworks Meets Analysts' 3Q Expectations - TheStreet

RealNetworks

(RNWK) - Get Report

reported third-quarter earnings that matched Wall Street's expectations for the period.

The company reported third-quarter income of $7.6 million, or 4 cents a diluted share, in line with the 27-analyst survey, according to

First Call/Thomson Financial

. In the year-ago period, the company earned $4.9 million, or 3 cents a diluted share. Financial results for the latest third quarter reflect the company's first quarter of full taxation and exclude noncash goodwill costs and acquisition charges.

RealNetworks, which develops and markets software and services designed to enable users of personal computers and other devices to send and receive audio, video and other multimedia services using the Web, said revenue for the third quarter rose to $67.1 million from $34.9 million in the year-ago period.