Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



IMAX First-Quarter Results Fall Short of Estimates

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

IMAX (NYSE: IMAX  ) reported results for the first quarter of fiscal year 2013. Non-GAAP earnings fell 9% year over year to $0.08 per share. Sales came in 10.3% lower, at $49.9 million. Analysts had expected adjusted earnings of $0.09 per share on $54.1 million in revenue.

The big-screen ciena technologist installed six full-theater systems, and four joint revenue-sharing venues in this quarter, compared to eight full and eight joint installations in the year-ago period. The backlog of system orders increased from 261, to 283. Production and remastering revenue rose 4.3%. Box office from remastered titles was stable year over year, but average box office per screen fell by 14%.

"We are excited about the promising upcoming lineup of films in IMAX, particularly in the second quarter," said IMAX CEO Richard Gelfond. The second quarter includes high-profile IMAX releases such as Star Trek: Into Darkness, the next Iron Man sequel, and Superman reboot Man of Steel.

Gelfond also underscored steady growth in international markets. "We are very pleased that we continue to penetrate different countries around the world, strengthening our presence in some and building strong theaters in new markets to catalyze future growth in others," he said.

Profiting from our increasingly global economy can be as easy as investing in your own backyard. The Motley Fool's free report, "3 American Companies Set to Dominate the World," shows you how. Click here to get your free copy before it's gone.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2386185, ~/Articles/ArticleHandler.aspx, 9/25/2016 6:37:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
IMAX $29.80 Up +0.42 +1.43%
IMAX CAPS Rating: *****