Bona Film (BONA) Misses Q2 EPS by 2c, Revenue Beats, Offers Outlook

Bona Film (NASDAQ: BONA) reported Q2 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $71.1 million versus the consensus estimate of $51.81 million.

Business Outlook

Based on current market and operating conditions, the Company expects non-GAAP net income for the third quarter of 2015 to be in the range of US$4.5 million to US$5 million. These estimates do not include any potential costs that may be incurred by the Company in connection with the preliminary proposal by Mr. Yu, Sequoia Capital China I LP and Fosun International Limited (collectively, the "Buyer Group") to acquire all of the Company's outstanding shares, which is further described below.

"While the Chinese film industry is expected to maintain strong growth throughout 2015, I believe Bona can outpace the industry by executing on our integrated business model. Our upcoming film slate, new top quality theaters, industry leading marketing technology, and exciting international initiatives provide a foundation for sustained success. We will continue to invest for growth, as we build Bona into a leading international entertainment company," concluded Mr. Yu.

For earnings history and earnings-related data on Bona Film (BONA) click here.

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