IMAX Earnings: Here’s Why Investors are Excited Now
IMAX Corporation (NASDAQ:IMAX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.98%.
IMAX Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 64.29% to $0.23 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 16.68% to $77.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IMAX Corporation reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $73.99 million.
Quoting Management: “Our fourth quarter results once again demonstrated the operating leverage inherent in the IMAX business model and was a strong finish to a successful year for the Company,” said IMAX Chief Executive Officer Richard L. Gelfond. “We executed on all key fronts, with the combination of network expansion and an increasingly global portfolio approach to our film slate translating into solid financial results.”
Key Stats (on next page)…