The exhibitor’s fourth-quarter earnings surpassed Wall Street expectations
On top of having a record year at the box office and in terms of revenue in 2019, Imax Corp. reported earnings for the fourth quarter on Wednesday that were above Wall Street’s expectations.
Imax reported net income for the quarter of $18.2 million, up 973% compared to the $1.7 million the premium exhibitor reported during the same three-month period a year ago. That profit for the company equates to adjusted per share earnings of 35 cents, which was slightly better than the 30 cents per-share earnings analyst via Yahoo! Finance were expecting.