Imax: Q3 Earnings Snapshot

MISSISSAUGA, Ontario (AP) — MISSISSAUGA, Ontario (AP) — Imax Corp. (IMAX) on Thursday reported third-quarter net income of $113.8 million.

On a per-share basis, the Mississauga, Ontario-based company said it had net income of $1.96. Earnings, adjusted for one-time gains and costs, were $2.21 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The entertainment technology company posted revenue of $174.6 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $168.2 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMAX at https://www.zacks.com/ap/IMAX