Beat expected. System Sales contributed the revenue increase and the non exercise of options (along with system sales) contributed to the eps increase. Both system sales and Option sales are discretionary in the sense that they can be moved around from quarter to quarter.This is how the mgmt can play with earnings.
I am not complaining though. Hopefully ,markets will run up the stock . Options will be exercised in Q4 IMO. Q4 seems strong thanks to Skyfall , Hobbit and other movies. Box office revenues should be up.
And ..Gelfond sells 131000 shares, as expected , in Q4. These guys are so adept at what they do , it does not even seem like the whole thing is some what orchestrated. Declare earnings, show some promise and go for the kill. The promise of Q4 offers some price stability from trading point of view..perfect.