DreamWorks Animation (NASDAQ:DWA) investors can breathe a sigh of relief: The company's Mr. Peabody & Sherman film is off to a solid start in theaters. The movie grossed $32.5 million in ticket sales to take second place at the box office last weekend.
In the video below, Fool contributor Demitrios Kalogeropoulos puts that opening tally into perspective, noting that it's a stronger launch than two of DreamWorks' recent disappointments, Turbo last year and Rise of the Guardians in 2012. However, Mr. Peabody has a higher profitability bar to meet than those movies, as it likely cost about $145 million to produce. For that reason, investors will want to keep a close eye on box office results over the next few weeks to see if the movie continues to attract a sufficient audience.
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Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends DreamWorks Animation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.