Imax Grew Revenue With 'Godzilla v Kong' – Just Not Enough for Wall Street
TheWrap
4/29/2021
Company lost about as much money as media analysts had forecast
Imax revealed its first-quarter 2021 financial results on Thursday. The giant-movie-screen company grew sales by 11% year over year, but still missed media analysts' consensus estimate on revenue.
It lost one penny per share
less than forecasts foresaw, so there's also that.
Wall Street had forecast a loss of 26 cents per share on $39.05 million in revenue, according to a consensus of media analysts as compiled by Yahoo Finance. Imax actually reported a loss of 25 cents per share (or -$14.8 million overall) on $38.8 million in revenue.