DreamWorks Rides ‘Shrek’ to Higher Profit |
| New York Times - Aug 1, 2007 |
DreamWorks Animation SKG posted a sharply higher second-quarter profit on Tuesday, propelled by global box-office receipts of $720 million for “Shrek the Third.”
Net income was $61.8 million, or 60 cents a share, compared with $13.7 million, or 13 cents a share, for the year-earlier quarter.
Revenue rose to $222.5 million, from $74.9 million a year ago. Analysts, on average, were expecting net earnings of 36 cents a share and revenue of $151.2 million, according to Reuters Estimates.
“Shrek the Third” contributed about $109.1 million in revenue for the quarter, and home video sales and pay television and broadcast fees for other films, including “Over the Hedge” and “Flushed Away,” accounted for the rest.
Read Full Article from New York Times
- Posted: 2007-08-01 10:22:24
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