Imax: Fourth Quarter Financial Highlights

Imax Corp. Announces Fourth-Quarter Financial Results

Imax Corp., headquartered in Mississauga, Ontario, revealed on Wednesday that it earned $637,000 in net income for the fourth quarter.

This translates to earnings of $0.01 per share. After adjusting for special items, the company’s earnings were $0.58 per share.

These results surpassed analysts’ expectations, as the consensus from seven analysts polled by Zacks Investment Research had projected earnings of $0.43 per share.

The company, known for its entertainment technology, reported quarterly revenue of $125.2 million, exceeding the $119.9 million forecasted by analysts surveyed by Zacks.

For the full year, Imax Corp. reported a profit of $34.9 million, or $0.63 per share, with total revenue reaching $410.2 million.

Financial data in this article was compiled by Automated Insights using information from Zacks Investment Research.