Imax Corp. Encashes Upon Success Of 3D Movies

Giant screen movie operator Imax Corp. (NASDAQ: IMAX) edged up 5.9% in morning trading on Thursday, after a gap-up opening. Imax Corp. (IMAX) was able to carry forward its earlier gains of forming higher top pattern, after it came out with a robust performance for Q2.

Imax Corp. (IMAX) was able to encash upon the strong success of a couple of its 3D movies, which included “Avatar” and “Alice In Wonderland”. The same helped Imax Corp. (IMAX) turnaround its performance in Q2 recently to drive back into profits, from same period losses a year ago.