Brent Lang Executive Editor “Inside Out 2” helped lift Imax‘s quarterly earnings, but a slower start to summer blockbuster season took a bite out of the company’s profits and revenues.
The big screen company logged $89 million in revenue for the three-month period ending in June, down 9% from the $98 million it reported in the prior-year quarter.
Net income stood at $3.6 million, a 56% drop from the $8.4 million that Imax delivered in the year-ago period, while earnings per-share hovered at 18 cents, a 36% decline from the 26 cents that the company reported in the prior-year quarter.
Adjusted EBITDA declined 14% to $31 million, down from $34 million in the year-ago period. Despite the declines, Imax trounced Wall Street’s estimates.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.