I know what you told me. Looks to me like some analysts brought down there estimates for EPS for the 4th quarter. Thursday it was at 51 cents & Friday it was at 45 cents. Revenue estimates were the same.
That was clearly based on them earning 40 cents on 107 million so the analysts have them earning 45 cents on 112 million. They might believe that the China IPO on the Hong Kong exchange will get done in the 4th quarter adding to costs also. The China IPO will unleash a lot of value.
The downgrade from OTR clearly had something to do with it. They downgraded Under Armour last week and it went down $3 from 87 to 84. UA is at 95 now.
That Broker Dealer is breaking the law too. Your broker is not supposed to have that information and when it is given to him officially he's allowed to tell you but he's restricted from trading on that information for a day or two.
I think this is a combination of the all the talk of China yesterday based on Ray Dialo's letter yesterday to his hedge fund customers plus the fact that they didn't beat on earnings even though they beat revenues by 5 million.
I like the fact that Everest opens a week early in Imax and The Walk opens 10 days early in IMAX.
Plus the reviews so far for MI5 look really good.
They downgraded Under Armour 1 week before earnings. Drove the stock from 87's to 84's. Under Armour beat and now is trading over 96.
I think the problem is mostly the Chinese stock markets. IMAX is going to unleash a lot of value in China.
Wanda Cinema Line went public 7 months ago at RMB 21.35. It's now trading at RMB 209.70 which is a 130 P/E. It's high in the past 6 months was RMB 248.66.
ban on IPO's is going to work in our favor. Price isn't set and growth in China is off the charts based on this past quarter and what's coming up.
Market Makers filled that gap right out of the box in the low 36 range. Looks like it's going to turn into an up day like it should.
Additional SG&A was from costs associated with IPO and new business plus expanded staff.
Accounts Receivable went up by 15 million. Accounts Payable went down by 6 million. That's 21 million right there.
343 million in box office for the quarter. Excellent quarter. Only issue I have is how much SG&A has jumped this year (almost 25%).
If SG&A was the same as last year they would have made 50 cents per share.
Stock based compensation was 5.1 million compared to 4.7 million a year ago quarter. Since they don't report Non-Gaap earnings anymore that's the equivalent of about 9 cents.
USDCyberArk Software Ltd
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Prev. Close Date 07/21/2015
Have you paid attention to how box office revenue has added to the bottom line the last few years. This is probably the highest box office revenue quarter ever. In the first quarter 2010 when Avatar broke records they did 232 million in gross box office and ended up doing 53 cents per shares.
In the five years since then and the start of JV's the share of the box office for IMAX has increased steadily. Between Jurassic World, Furious 7, Age of Ultron & Mad Max Fury Road plus the other releases they have to have done over 300 million at the box office possibly even close to 325 million.
it's hard to figure out how much goes to the bottom line but the year ago quarter they did 216 million at the box office and had net income of around 13 million or 25 cents per share. Based on the JV revenue from that quarter and DMR revenue it's possible that their share of the box office revenue will be 20 million more than last year all going to the bottom line. That's 28 cents a share right there.
Again they did have 11 sales/lease installations that quarter plus 4 digital upgrades and around 15 jv installs. Still this quarters box office should be 50 million more than they ever had before and maybe even more.
Have a feeling that this will be a huge beat depending on how many lease/sale installs their are.
The only other thing I care about is when they'll install a laser projector at the Lincoln Square 13 two blocks from me. Reviews for Antman are looking good.
did some google searches. If he does it's not enough shares that he has to do quarterly filings