DreamWorks Animation SKG Inc. said Tuesday that its second-quarter net income fell 63 percent, to a level below analysts’ expectations. The company blamed the delayed release of “Madagascar 3: Europe’s Most Wanted” in several overseas markets as well as higher distribution costs for some of the miss. ...
Net income in the three months ended June 30 was $12.8 million, or 15 cents per share, compared with $34.1 million, or 40 cents per share, a year ago.
Revenue fell 25 percent from a year ago to $162.8 million. ...
DreamWorks continues its high-wire act of being a stand-alone animation company. As Jeffrey K. related in today's conference call:
All DreamWorks Animation sequels have surpassed $600 million at the worldwide box office and Madagascar 3 is on-track to do the same. It was the number one movie in the U.S. during its first two weekends of release and continues to break records in many territories around the globe. ...
(You can read the phone conference transcript here.)
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