DreamWorks Animation Blasts Past Expectations; Stock Rises1 min read
Reading Time: < 1 minuteDreamWorks Animation’s (DWA) financial results blew by expectations in the fourth quarter as the company on Tuesday reported 55 US cents per share in earnings and US$319 million in revenue while Analysts had expected DWA to earn just 16 US cents per share on revenue of US$274 million.
A year ago in the same quarter, the company reported a loss of US$3.08 per share on US$234.2 million revenue. Home delivered US$55.3 million in revenue during the quarter, mostly from worldwide pay TV and home entertainment. The Penguins of Madagascar kicked in US$13.8 million and How to Train Your Dragon 2 helped out with US$4 million. Mr. Peabody and Sherman, well-reviewed by some but deemed a disappointment in theatres, contributed US$2.1 million.
Image Credit: Kung Fu Panda 3 – Dreamworks Animation
