IMAX Q1 Earnings Beat, Revenues Fall Y/Y on Box Office Slump
IMAXIMAX(IMAX) Zacks Investment Research·2024-04-26 22:26

IMAX Corporation (IMAX) reported first-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate by a whopping 50% but declined 6.3% from the year-ago quarter. Total revenues of 79.12millionbeattheZacksConsensusEstimateby1.679.12 million beat the Zacks Consensus Estimate by 1.6% but decreased 9% year over year. Greater China accounted for 27.1% of revenues. The metric declined 19.2% year over year to 21.4 million. Category-wise, technology sales and technology rentals were down 55.7% and 7.3% year over year to $7.9 ...