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Imax: 1Q Earnings Snapshot

MISSISSAUGA, Ontario (AP) _ Imax Corp. (IMAX) on Friday reported first-quarter net income of $8.3 million.

The Mississauga, Ontario-based company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The entertainment technology company posted revenue of $80.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $80.9 million.

Imax shares have risen 33 percent since the beginning of the year. The stock has risen 6 percent in the last 12 months.


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