DreamWorks Animation sales fall sharply

DreamWorks Animation sales fall sharply
August 1, 2012 - 12:49 AMT

PanARMENIAN.Net - DreamWorks Animation quarterly results missed analysts' estimates as sales fell sharply, sending its shares down 8 percent in after-market trading on Tuesday, July 31, TheWrap said.

Net income for the second quarter fell to $12.8 million, or 15 cents per share, from $34.1 million, or 40 cents per share, a year earlier.

Analysts were expecting earnings of 25 cents per share, according to Thomson Reuters.

Revenue fell 25 percent to $162.8 million, below analysts' expectations of $186.2 million.

DreamWorks' most recent movie, "Madagascar 3: Europe's Most Wanted," contributed about $54.8 million to its quarterly revenue.

"Puss In Boots" brought in $22.8 million, driven primarily by home entertainment, while "Kung Fu Panda 2" accounted for $46.4 million, backed mainly by U.S. domestic pay television.

Partner news
 Top stories
IFC to boost Armenia’s food safety practicesIFC to boost Armenia’s food safety practices
IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining.
Armenian govt. to cover 30% of gas charges for populationArmenian govt. to cover 30% of gas charges for population
Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices.
Electricity prices to be reconsidered in ArmeniaElectricity prices to be reconsidered in Armenia
Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.
Armenian MP requests Central Bank to freeze farmers’ creditsArmenian MP requests Central Bank to freeze farmers’ credits
Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.
Partner news
 Articles
Overview: Armenian economy 2012

Brief overview of main economic events of 2012 in Armenia

 Most popular in the section
U.S. employment rises more than expected in April
Gazprom oil giant granted right to explore 4 Arctic gas fields
Ford decides to surpass its hybrid sales record this year
Portugal to make $6.3bn in cuts to avoid another bailout
Home
All news
Overview: Economy
Archive for August 1, 2012
Other news in this section
  Related sections
Arts & Showbiz
 Latest news
"The Fades" actor to star in Ryan Gosling's "How to Catch a Monster" Centered around a landscape of a disappearing city, the film follows a single mother who finds herself in a gloomy fantasy underworld.
Israel calling off UNESCO mission to Jerusalem "Israel has cancelled the delegation," which was due to have arrived the same day, a foreign ministry official said.
1st look at Idris Elba as Nelson Mandela in "Long Walk to Freedom" The Golden Globe-winning Luther actor has been paired up with Bond girl Naomie Harris, who will play Winnie Mandela.
Pistorius not to compete in 2013 as he awaits trial Pistorius was granted bail and had certain conditions lifted which meant he could compete in events outside his homeland.