Brief: Imax Corp Reports Third Quarter 2019 Financial Results

IMAX China Holding

31/10/2019 11:40

Oct 31 (Reuters) - Imax Corp  IMAX.N :
    * ORATION REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS
    * Q3 REVENUE $86.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$87.6
MILLION
    * Q3 ADJUSTED EARNINGS PER SHARE $0.21
    * Q3 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES
DATA
    * IN CHINA BOX OFFICE IS UP 27% IN RMB THROUGH EARLY OCTOBER
    * FY 2019 IMAX GLOBAL BOX OFFICE EXPECTED TO EXPERIENCE LOW
DOUBLE-DIGIT GROWTH COMPARED TO $1,032.1 MILLION RECORDED IN
FULL-YEAR 2018
    * FULL-YEAR 2019 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE
APPROXIMATELY 41% TO 42%
    * TOTAL 2019 THEATER INSTALLATIONS ARE NOW EXPECTED AT
HIGH-END OF
RANGE OF 185 TO 190 SYSTEMS
    * FY 2019 TOTAL THEATERS EQUIPPED WITH IMAX WITH LASER NOW
EXPECTED TO BE SLIGHTLY BELOW PREVIOUS GUIDANCE OF ABOUT 140
SYSTEMS
    * IMAX GLOBAL BOX OFFICE IS EXPECTED TO EXPERIENCE LOW
DOUBLE-DIGIT GROWTH IN 2019

Source text for Eikon:  ID:nPn5HxCPla 
Further company coverage:  IMAX.N 

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