RealD Shares Rise After Earnings Beat ExpectationsThursday, June 5, 2014
RealD shares moved higher on Thursday after the Beverly Hills 3-D movie technology company reported quarterly earnings that beat analyst expectations.
On Wednesday after close of markets, RealD reported a fiscal fourth quarter net loss of $4.95 million (-10 cents a share), compared with a $4.3 million loss (-9 cents a share) for the same period a year earlier. Revenue fell 11 percent to $40.7 million.
Analysts expected a loss of 24 cents a share and revenue of $33.7 million.
Movies released in 3-D during the quarter included the “Lego Movie” and “300: Rise of an Empire.”
RealD shares rose 8 percent to $12.61 in Thursday trading on the New York Stock exchange.