RealD Earnings: Beats Expectations

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RealD Inc. (NYSE:RLD) reported net income above Wall Street’s expectations for the fourth quarter. RealD is a global licensor of 3D technologies for commercial and home theaters.

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RealD Inc. Earnings Cheat Sheet

Results: Net income for RealD Inc. rose to $5.5 million (10 cents per share) vs. $4.5 million (8 cents per share) in the same quarter a year earlier. This marks a rise of 23.9% from the year-earlier quarter.

Revenue: Fell 14.5% to $50 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: RealD Inc. beat the mean analyst estimate of a loss of 8 cents per share. It beat the average revenue estimate of $47 million.

Quoting Management: “We delivered solid profitability in the fourth quarter, as healthy growth in domestic license revenue helped to offset the tough comparison we anticipated overseas versus our very strong international results in the fourth quarter of fiscal 2011,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD. “Importantly, RealD’s summer film slate is off to an excellent start in both domestic and international markets. The record-setting opening of The Avengers further demonstrates the strong consumer demand for premium presentations in RealD 3D as well as the compelling economics of 3D filmmaking for our studio and exhibitor partners.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 11 cents in the third quarter, by 12 cents in the second quarter, and by 11 cents in the first quarter.

Looking Forward: The outlook for the company’s next-quarter performance is unfavorable. Estimates have gone down from an average 17 cents per share to 13 cents over the past seven days. For the fiscal year, the average estimate has moved up from 46 cents a share to 49 cents over the last ninety days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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