IMAX beats by $0.07, beats on revs; backlog +9% y/y
- Reports Q3 (Sep) earnings of $0.08 per share, excluding items, $0.07 better thanthe Capital IQ Consensus of $0.01; revenues rose 14.2% year/year to $98.8 mln vs the $86.17 mln Capital IQ Consensus.
- During the quarter, the Company installed 51 theaters, of which 49 were for new theater locations and two were upgrades. The total IMAX theater network consisted of 1,302 systems as of Sept. 30, 2017, of which 1,203 were in commercial multiplexes. There were 545 theaters in backlog as of Sept. 30, 2017, up 9% from the 547 in backlog as of Sept. 30, 2016. Company now expects to install approximately 160 to 165 new IMAX theater systems in 2017, versus its previous outlook of 160 installations.
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