Imax: 2Q Earnings Snapshot
MISSISSAUGA, Ontario (AP) _ Imax Corp. (IMAX) on Tuesday reported second-quarter earnings of $11.4 million.
On a per-share basis, the Mississauga, Ontario-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The entertainment technology company posted revenue of $104.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $98.3 million.
Imax shares have climbed 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.30, climbing slightly in the last 12 months.