IMAX Q3 Earnings Smashes Estimates On Box Office Strength
Portfolio Pulse from Shivani Kumaresan
IMAX Corp reported Q3 FY23 sales growth of 51% YoY to $103.90 million, beating the analyst consensus estimate of $100.72 million. This marks the company's second highest grossing quarter of all time at the IMAX global box office. Gross profit jumped 98% to $62.7 million, and the margin of 60% expanded 1,400 basis points YoY. Adjusted EPS of $0.35 beat the consensus estimate of $0.23. IMAX shares are trading higher by 0.49% at $18.38.
October 25, 2023 | 3:55 pm
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IMAX reported strong Q3 FY23 results, beating analyst estimates for sales and EPS. The company's shares are trading higher following the announcement.
IMAX reported a strong Q3 FY23 with sales growth of 51% YoY, beating analyst estimates. This positive financial performance, coupled with the company's strong content portfolio and network growth, is likely to boost investor confidence and drive the stock price up in the short term.
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