RealD (RLD) Misses Q1 EPS by 3c

RealD (NYSE: RLD) reported Q1 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $53.6 million versus the consensus estimate of $62.34 million.

“The first quarter marked a return to profitability for RealD, led by improved global 3D performance,” commented Michael V. Lewis, Chairman and Chief Executive Officer of RealD. “3D percentages worldwide remain healthy and the fiscal 2016 3D film slate is among the most compelling in recent years. As a result, the RealD box office grew to approximately $840 million. Drivers of this growth included a strong global 3D film slate, improved consumer demand and continued growth in China. With our global cinema platform established, we are well positioned to deliver strong RealD box office and improved operating leverage.”

For earnings history and earnings-related data on RealD (RLD) click here.

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