IMAX Corp. (IMAX) Misses Q2 EPS by 13c; Guides FY11 Theater Installations
IMAX Corp. (NASDAQ: IMAX) reported Q2 EPS of $0.07, $0.13 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $57.23 million versus the consensus estimate of $63.18 million.
The Company now expects to install between 120 and 130 new theatres this year, which implies year-over-year commercial multiplex network growth of 30 percent. Of the 120 to 130 new theatres to be installed in 2011, it is expected that between 30 and 38 (20 to 25 new joint revenue sharing systems and 10 to 13 new sales-type lease systems, excluding upgrades) will be installed in the third quarter of 2011.
The Company now expects to install between 120 and 130 new theatres this year, which implies year-over-year commercial multiplex network growth of 30 percent. Of the 120 to 130 new theatres to be installed in 2011, it is expected that between 30 and 38 (20 to 25 new joint revenue sharing systems and 10 to 13 new sales-type lease systems, excluding upgrades) will be installed in the third quarter of 2011.