Upgrade to SI Premium - Free Trial

IMAX Corp. (IMAX) Reports In-Line Q1 EPS, Revenues Miss; 'Raises FY19 Box Office Guidance'

April 26, 2019 7:32 AM

(Updated - April 26, 2019 7:56 AM EDT)

(Update corrects headline and consensus EPS to 18c)

IMAX Corp. (NYSE: IMAX) reported Q1 EPS of $0.18, in line the analyst estimate of $0.18. Revenue for the quarter came in at $80.2 million versus the consensus estimate of $81.12 million.

"IMAX empowers the world\'s most innovative content creators with unparalleled end-to-end technology and a global network spanning more than 80 countries," said IMAX CEO Richard L. Gelfond. "The benefit of those artistic partnerships and our global reach is evident in our better than expected first quarter results, particularly in China, where we outperformed the market and posted our second-best quarter ever. With a robust lineup of tentpole films ahead, like the highly anticipated Avengers: Endgame, which opens this weekend, we anticipate delivering our strongest box office year ever in 2019."

For earnings history and earnings-related data on IMAX Corp. (IMAX) click here.

Categories

Corporate News Earnings Management Comments

Next Articles