Wedbush Securities Sees Solid Q4 Beat for IMAX Corporation (USA)

In a report published Friday, Wedbush Securities analyst Michael Pachter reiterated a Neutral rating and $30.00 price target on

. In the report, Wedbush Securities noted, "Q4 beat driven primarily by better DMR revenue. Revenue was $102 million, vs. our estimate of $93 million, and consensus of $95 million. Adjusted EBITDA totaled $45 million, vs. our estimate of $38 million. Adjusted EPS was $0.34 (excluding a $0.04/share charge), vs. our estimate of $0.30, and consensus of $0.30. The beat primarily reflects better DMR revenue, with particular strength from China." IMAX Corporation (USA) closed on Thursday at $34.93.