RealNetworks, Inc. (RNWK) Reports Higher Net Income In First Quarter Of 2010
RealNetworks, Inc. reported net income of $3.2 million, or $0.05 per share, in the first quarter of 2010. The company lost $12.1 million, or ($0.12) per share, in the same quarter of 2009. Despite the rise in net income on a year over year basis, RealNetworks, Inc. saw a drop in revenue over the same time frame. The company reported revenue of $128.6 million in the first quarter of 2010, compared with $140.8 million in the first quarter of 2009. The management of RealNetworks, Inc. said that movements in foreign currency exchange rates benefited revenues in the first quarter of…