IMAX Q3 Earnings Beat, Revenues Fall Y/Y on Box Office Slump
IMAX(IMAX) ZACKS·2024-10-31 23:11
IMAX Corporation (IMAX) reported third-quarter 2024 adjusted earnings of 35 cents per share, which beat the Zacks Consensus Estimate by a whopping 59% and remained flat year over year.Total revenues of $91.4 million missed the Zacks Consensus Estimate by 2.88% and decreased 12% year over year. Greater China is the Company’s largest market by revenues, with approximately 25% of overall revenues generated from its Greater China operations for the nine months ended Sept. 30, 2024. Greater China accounted for 2 ...