RealD reports quarterly loss; revenue falls

Reuters News
Posted: Aug 07, 2013 4:15 PM

(Reuters) - 3D technology licensor RealD Inc <RLD.N> reported a 13 percent fall in revenue as fewer people chose to watch movies in 3D, leading to a drop in demand for its products.

The company posted a net loss of $1.5 million, or 3 cents per share, compared with net income of $3 million, or 5 cents per share, a year earlier.

Revenue fell to $59.2 million.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Maju Samuel)