Market Overview

DreamWorks Beats Wall Street Estimates on Top and Bottom Line

DreamWorks Anikation SKG (NYSE: DWA) released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company reported net income of $9.1 million or $0.11 per share, compared to $8.8 million or $0.10 per share, in the year ago period. This came in ahead of Wall Street analysts' consensus EPS estimates of $0.09.

Revenues for the quarter were $136.1 million versus $108.0 million last year. This also came in ahead of analysts' consensus estimates of $133.52 million.

The company's better than expected results were largely driven by the success of "Puss in Boots." The film grossed around $554 million in worldwide box office to date, and contributed $73.6 million in revenue in the quarter.

In Wednesday's after hours trading session, DWA shares were unchanged.

Posted-In: Earnings News Intraday Update After-Hours Center Movers

 

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