DreamWorks Reports Lower Profit; Stock Falls

DreamWorks Animation SKG

released its fiscal second-quarter earnings results after the closing bell on Tuesday. The company reported net income of $12.8 million or $0.15 per share, lower than $34.1 million or $0.40 per share for the year ago period. This missed analysts' consensus EPS estimates of $0.25. Revenues came in at $162.8 million, a decline from the $218.3 million the company reported in last year's second-quarter. This also missed Wall Street consensus revenue estimates of $186.17 million. In Tuesday's after-hours trading session, DWA had lost a little more than 8 percent to trade near $17.60.