B. Riley Raises Price Target on DreamWorks Animation SKG (DWA) Following a Strong 4Q Beat
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DreamWorks Delivers Outstanding Fourth Quarter And Year-End 2015 Results Highlighted By Strong Growth Across Core Business Segments
February 23, 2016 4:01 PM ESTGLENDALE, Calif., Feb. 23, 2016 /PRNewswire/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today reported revenues for the quarter ended December 31, 2015 of $319.3 million, representing an increase of 36.3% from the same period in 2014. In addition, DWA reported adjusted(a) operating income of $56.5 million and adjusted(a) net income attributable to DWA of $48.1 million or $0.55 per diluted share for the quarter ended December 31, 2015. Adjusted financial results exclude a $6.1 million pre-tax charge associated with the Company's Restructuring Plan announced on January 22, 2015.
Including the impact of the previously announced Restructuring Plan, DWA reported operating income of $50.4... More
