News Formal

Imax CEO Continuing To Monitor Situation In China Closely As Company Blows Past Q4 Forecasts

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Imax beat Wall Street’s fourth-quarter financial estimates Wednesday as the big-screen entertainment company’s CEO said it’s carefully monitoring the situation in China, where it has hundreds…

per share of 35 cents, up 35% from the year before and higher than the 30 cents anticipated. Revenue rose 14% to $124.3 million, also topping forecasts.

“In terms of the health crisis in China, where movie theaters nationwide remain closed, we are continuing to monitor the situation closely and needless to say the safety of our team and audiences is our top priority,” said CEO Richard Gelfond. “We look forward to circumstances improving and Imax continuing to satisfy China’s strong demand for premium quality content and entertainment experiences.”

Management will host a conference call at 4:30 ET to discuss the company’s earnings and outlook and investors are sure to look for more detail on the situation in China, where Imax has offices and 660 screens, all shuttered due to the deadly coronovirus outbreak. Imax is headquartered in New York, Toronto and Los Angeles, with offices in London, Dublin, Tokyo, and Shanghai. A subsidiary, Imax China Holding, trades on the Hong Kong Stock Exchange.

As of December 31, 2019, there were 1,624 Imax theater systems operating in 81 countries and territories.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 109. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Apple’s Coronovirus Woes, Uncertainty, Drive Market Lower: Sony, Imax Also DownU.S. stock dipped Tuesday after Apple warned it wouldn’t hit sales forecasts for the current quarter as the deadly coronavirus is impeding production and sales in China. Apple has been tradin…
출처: DEADLINE - 🏆 109. / 63 더 많은 것을 읽으십시오 »

Nissan CEO sees earnings, cashflow under pressure for current financial yearNissan Motor Co Chief Executive Makoto Uchida on Tuesday said he expect... Strange how a company that is moving to a more higher end of the market is struggling. Of course
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Alan: French health tech startup CEO on transparency and growth - Business InsiderFrench health tech startup Alan has no meetings above 3 people, reveals employee salaries, and has low staff churn. Its CEO explains why it works. CEO ostensibly explains why s/he *thinks* it works.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Intercept Pharmaceuticals CEO Mark Pruzanski on first NASH drug - Business InsiderInside the $3 billion biotech preparing to launch the first treatment for NASH, a silent disease that affects millions of Americans
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »