Why IMAX Stock Trounced the Market Today
Big-screen movie technology company (NYSE: IMAX) was a hit with investors Thursday. This wasn't exactly a surprise, as it released estimate-busting quarterly results that featured some beefy growth numbers. The ending was that IMAX stock closed the day more than 8% higher, in dramatic contrast to the 0.6% slide of the benchmark S 500 index.
For its second quarter, IMAX's revenue landed at $98 million. This was a substantial improvement of 32% over the same period in 2022. More impressively, the movie theater tech solutions provider managed to more than triple its non-GAAP (adjusted) net income. This came in at $14.4 million, or $0.26 per share, compared to the year-ago quarter's $3.9 million.
Both headline figures were well ahead of analyst estimates. On average, these anticipated just over $88 million in revenue for IMAX, and $0.18 for adjusted, per-share net income.
Source Fool.com
Imax Corp. Aktie
Deutliches Buy-Überwiegen bei Imax Corp. im Vergleich zu Sell-Einschätzungen.
Die Community erwartet für Imax Corp. ein Kursziel von 21 €, was eine Steigerung von über 20% gegenüber 14.1 € bedeuten würde.
