DreamWorks Animation sales fall sharply

DreamWorks Animation sales fall sharply

PanARMENIAN.Net - DreamWorks Animation quarterly results missed analysts' estimates as sales fell sharply, sending its shares down 8 percent in after-market trading on Tuesday, July 31, TheWrap said.

Net income for the second quarter fell to $12.8 million, or 15 cents per share, from $34.1 million, or 40 cents per share, a year earlier.

Analysts were expecting earnings of 25 cents per share, according to Thomson Reuters.

Revenue fell 25 percent to $162.8 million, below analysts' expectations of $186.2 million.

DreamWorks' most recent movie, "Madagascar 3: Europe's Most Wanted," contributed about $54.8 million to its quarterly revenue.

"Puss In Boots" brought in $22.8 million, driven primarily by home entertainment, while "Kung Fu Panda 2" accounted for $46.4 million, backed mainly by U.S. domestic pay television.

 Top stories
Legendary U.S. investor Warren Buffett regained third place in the list with a net worth of $72.7bn, from Amancio Ortega.
“The European Union expects that this substantial assistance will lead to bold reforms over the next years,” Hristea said.
Over the 9 months of 2014, Ameribank's assets amounted to AMD 334 billion, taking it to the top of Armenia's banking system.
Sergo Karapetyan stated that exports of Armenian fruits (except fort apricots) and vegetables to Russia this year have doubled.
Partner news