Why Imax Stock Is Soaring On Thursday
Portfolio Pulse from Anusuya Lahiri
Imax Corp (NYSE:IMAX) reported strong Q2 financial results, significantly beating analyst estimates for both EPS and sales. The company saw a 12% increase in Content Solutions revenues and a 20% increase in system installations. Imax raised its system installation guidance for 2024, leading to a 9.62% rise in its stock price.
July 25, 2024 | 2:11 pm
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Imax Corp reported strong Q2 financial results, beating analyst estimates for both EPS and sales. The company saw a 12% increase in Content Solutions revenues and a 20% increase in system installations. Imax raised its system installation guidance for 2024, leading to a 9.62% rise in its stock price.
Imax's strong Q2 performance, including beating EPS and sales estimates, and raising future guidance, indicates positive momentum. The market reacted favorably, pushing the stock up by 9.62%. This suggests a strong short-term positive impact on the stock price.
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