Why 'How To Train Your Dragon 2' Is Another DreamWorks Disappointment

can't catch a break. The company's shares plummeted more than 10 percent today after investors learned that

failed to secure the number-one spot at the box office. The crown went to

, which earned

during its first weekend. This was a significant increase over its predecessor, which earned

in its first three days at the box office.

came in second place with a domestic haul of

. This is an improvement over the original film, which earned

when it opened in March 2010.

is

a flop. But DreamWorks hyped the animated movie with a massive marketing campaign and a TV series that preceded the second film. This fueled the belief that

would become a massive hit. Sterne Agee analyst Vasily Karasyov told Benzinga that while he does not know why

underperformed, the appeal "was not as broad as optimists believed." "If we knew the recipe, there would be no money-losing films," said Karasyov. "Sometimes it works, sometime it doesn't. This time it worked okay, it just didn't work as well as people expected. I bet you the studio hoped for more. Fifty million dollars is not a disaster, it's just not a big enough box office relative to the production and distribution costs." According to

,

carried a budget of $145 million.

Hit movies have been few and far between for DreamWorks. The studio traditionally spends more than $100 million to produce each film, and theaters tend to take roughly 50 percent of all ticket sales. This makes it very difficult for DreamWorks to claim "hit" status, even on a film that grosses $200 million domestically.

is often cited as a DreamWorks success story (thanks to its worldwide tally of

), but Karasyov said that we shouldn't get too carried away in thinking that's a hit. "It's not a hit," he said. "It's a film that did not lose money. It's supposed to make money! The point of making films is to make money. That's part of the problem. They've pumped up this

franchise, and it was the same business that

did. No one goes around saying that

is this beloved franchise. It's a film that worked okay. But you're not sitting on the edge of your seat in anticipation of

." That said,

produce a sequel to

, which earned

worldwide.

fared slightly better with global ticket sales reaching $494 million. "They're making it seem like it was

," said Karasyov. "It's just a film that did fine." Disclosure: