// IP Marketing video - START// IP Marketing video - END

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
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
“One of my priorities, as Ambassador, is to further develop our bi-lateral economic ties,” said U.S. Ambassador to Armenia Richard Mills, Jr.
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
Partner news