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MISSISSAUGA, Ontario (AP) — MISSISSAUGA, Ontario (AP) — Imax Corp. (IMAX) on Wednesday reported first-quarter earnings of $2.3 million.
On a per-share basis, the Mississauga, Ontario-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The entertainment technology company posted revenue of $86.7 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $83.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMAX at https://www.zacks.com/ap/IMAX