IMAX Reports Q4 Profit Miss
MISSISSAUGA, Ontario (AP) - Imax Corp. (IMAX) reported lower-than-expected fourth-quarter earnings today.
The company posted a profit of $5.3 million, or 10 cents per share, compared to analysts' estimates of 29 cents per share. Adjusted earnings were 27 cents per share.
Revenue also fell short of expectations, coming in at $92.7 million against an estimate of $104.8 million.
For the full year, Imax reported a profit of $26.1 million, or 48 cents per share, on revenue of $352.2 million.
Shares of IMAX fell slightly in pre-market trading following the earnings release.