Barrington Research Sees RealD Redoubling Effort to Create Independent Growth Profile

In a report published Wednesday, Barrington Research analyst James C. Goss reiterated a Market Perform rating on

. In the report, Barrington Research noted, “RealD reported second quarter EPS of $(0.03), which was below our estimate of $0.00 but above the year‐ago figure of $(0.09), reflecting better than year‐ago box office results for 3D films in RealD's second fiscal quarter. Revenues in the quarter of $47.4 million were above year‐ago levels, and were slightly above our revenues estimate of $45.9 million. Licensing revenues were slightly below our estimate, but product revenues were higher. EBITDA of $17.6 million topped our estimate of $16.4 million, partly reflecting some one‐time items.” RealD closed on Tuesday at $11.67.