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Thursday, October 25, 2018

-=Imax Corp. (IMAX) reported earnings on Thur 25 Oct 2018 (b/o)

MISSISSAUGA, Ontario (AP) _ Imax Corp. (IMAX) on Thursday reported third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
The Mississauga, Ontario-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The entertainment technology company posted revenue of $82.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $80.3 million.
Imax shares have fallen 9 percent since the beginning of the year. The stock has fallen roughly 1 percent in the last 12 months.

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