James Rogers is a Financial Columnist for MarketWatch.
Imax Corp.
reported third-quarter results that beat analysts’ top and bottom line estimates Wednesday, boosted by Hollywood blockbusters and strength in China, Europe and Southeast Asia. The high-end movie theater operator reported net income of $12 million, or 22 cents a share after a net loss of $9 million, or 16 cents a share, in the prior year’s quarter. On an adjusted basis, Imax reported earnings of 35 cents a share, after a loss of 5 cents a share in the prior year’s quarter.
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