IMAX Corp. reported that its earnings for the first quarter of 2019 were down compared to last year, but the company has high expectations for future box office thanks to “Avengers: Endgame.”
The premium-format exhibitor reported adjusted earnings of 18 cents per share for the quarter, down from the 21 cents per-share the company reported during the same three-month period a year ago. IMAX’s third-quarter earnings fell in line with Wall Street’s expectations for 18 cents per share, according to estimates gathered by Yahoo Finance.
Revenue for the quarter hit $80.2 million, which was down compared with the $85.0 million IMAX reported last year. The company’s reported revenue was also shy of Wall Street’s expectations for $81.2 million for the quarter.
IMAX said that gross box office from IMAX Dmr films was $256.3 million in the first quarter of 2019, compared to $246.9 million in the first quarter of 2018.
Also Read: IMAX Annual Grosses Reach $1 Billion...
The premium-format exhibitor reported adjusted earnings of 18 cents per share for the quarter, down from the 21 cents per-share the company reported during the same three-month period a year ago. IMAX’s third-quarter earnings fell in line with Wall Street’s expectations for 18 cents per share, according to estimates gathered by Yahoo Finance.
Revenue for the quarter hit $80.2 million, which was down compared with the $85.0 million IMAX reported last year. The company’s reported revenue was also shy of Wall Street’s expectations for $81.2 million for the quarter.
IMAX said that gross box office from IMAX Dmr films was $256.3 million in the first quarter of 2019, compared to $246.9 million in the first quarter of 2018.
Also Read: IMAX Annual Grosses Reach $1 Billion...
- 4/26/2019
- by Trey Williams
- The Wrap
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