BANGALORE (Reuters) - DreamWorks Animation SKG Inc. reported lower quarterly profit, hampered by the lack of major releases in the quarter, but the results met Wall Street estimates.
DreamWorks expects the results of the second quarter to boost the film Kung Fu Panda 2, which is scheduled to be released on May 26.
Profit in the first quarter of the company is mainly due to home video output of films of 2010 as mega. 3D cartoon mega released November 7, with an opening of $ 47.7 million.
"There is not much to say." Terrible quarter and no real explanation for her other that their films are not generate income for their basic operating model, "analyst Wedbush Securities Michael Pachter said in an e-mail.
For the first quarter, DreamWorks earned $ 8.8 million, or 10 cents per share, compared to $ 21.7 million, or 24 cents per share, a year ago.
Income has dropped from 33% to $ 108 million.
Analysts had expected earnings of 10 cents per share, excluding items, on revenue of $ 107 million, according to Thomson Reuters I/B/E/s
Shares closed at $26.73 Tuesday on the Nasdaq.
(Reports by Supantha Mukherjee in Bangalore.) (Editing by Gopakumar Warrier)
没有评论:
发表评论