Imax Corporation (NYSE:IMAX) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.3 per share from revenue of $ 29.68 million.
Looking ahead, the full year loss are expected at $ 1.33 per share on the revenues of $ 131.82 million.
Previous Quarter Performance
Imax Corporation unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 8.86 million. The consensus estimates are loss of $ 0.52 per share from $ 9.81 million in revenue. The bottom line results beat street analysts by $ 0.08 or 15.38 percent, at the same time, top line results fell short of analysts by $ 0.95 million or 9.68 percent.
Stock Performance
Shares of Imax Corporation traded up $ 0.08 or 0.68 percent on Wednesday, reaching $ 11.79 with volume of 1.12 million shares. Imax Corporation has traded high as $ 12.00 and has cracked $ 11.34 on the downward trend
According to the previous trading day, closing price of $ 11.79, representing a 94.84 % increase from the 52 week low of $ 6.01 and a 47.61 % decrease over the 52 week high of $ 22.35.
The company has a market capital of $ 693.93 million and is part of the Consumer Cyclical sector and Media – Diversified industry.
Conference Call
Imax Corporation will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.imax.com
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, and joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.
