Imax Corp. (IMAX) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $3.3 million, or $0.06 per share. This compares with $2.5 million, or $0.04 per share, in last year's first quarter.
Excluding items, Imax Corp. reported adjusted earnings of $7.9 million or $0.15 per share for the period.
Analysts on average had expected the company to earn $0.1 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.0% to $79.1 million from $86.9 million last year.
Imax Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $3.3 Mln. vs. $2.5 Mln. last year.
-EPS (Q1): $0.06 vs. $0.04 last year.
-Revenue (Q1): $79.1 Mln vs. $86.9 Mln last year.
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