that cut its third quarter revenues in half and sent its earnings into negative territory.
For the third quarter, IMAX beat consensus estimates for revenue, but its earnings missed the mark. The consensus earnings per share estimate was a 31 cent loss. Wall Street predicted revenues of $31.6 million for the company.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Well. Duh.