Imax Q3 2024 Adj. EPS $0.35 Beats $0.23 Estimate, Sales $91.452M Miss $93.711M Estimate
Portfolio Pulse from Benzinga Newsdesk
Imax reported Q3 2024 earnings per share of $0.35, surpassing the analyst estimate of $0.23. However, its sales of $91.452 million fell short of the $93.711 million estimate, marking an 11.98% decline from the previous year.
October 30, 2024 | 8:37 pm
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Imax's Q3 2024 earnings per share exceeded expectations, but sales fell short and decreased year-over-year.
Imax's earnings per share significantly beat expectations, which is positive for the stock. However, the sales miss and year-over-year decline in revenue could offset the positive EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100