IMAX Corporation (IMAX) Reports Fourth-Quarter Results

IMAX Corporation (NASDAQ: IMAX), the Canadian large-format movie company, reported strong results for the fourth-quarter on Thursday.

IMAX reported earnings of $4 million, or $0.06 per share for the quarter, compared with a loss of $9 million, or $0.21 per share for the same period last year. The company reported revenue of $54.2 million, which was well ahead of analysts’ estimate of $45 million, and a record for any single quarter, according to the company.

Richard Gelfond, CEO of IMAX, called 2009 as a “transformative” year. The company said its year-end performance was driven by the blockbuster “Avatar”.

Shares of IMAX Corporation went up to $17.60 in trading on Thursday, and were trading at $15.63 at 2.28 p.m. in New York.