DreamWorks Animation Q2 Surges Behind Success Of ‘The Croods’

Shares are up about 4.7% in post market trading after DreamWorks Animation released its Q2 report. It shows net income of $22.2M, +74.2% vs the period last year, on revenues of $213.4M, +31.1%. Revenues were well ahead of the $189.7M that analysts expected. And earnings of 26 cents a share topped forecasts for 20 cents. The Croods accounted for $71.8M of the revenues in the quarter. In addition, Rise Of The Guardians added $16.7M, and Madagascar 3: Europe’s Most Wanted kicked in $48.9M. “DreamWorks Animation significantly outperformed in the second quarter, thanks primarily to The Croods‘ incredibly successful box office run, where it has amassed $584 million worldwide to become the fifth highest grossing movie of the year,” DWA CEO Jeffrey Katzenberg said.

This article was printed from https://deadline.com/2013/07/dreamworks-animation-earnings-q2-2013-553661/