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Tag Archives: Earnings
First-quarter earnings at DreamWorks Animation SKG Inc. rose slightly in the first quarter as both revenue and costs increased, the studio announced Wednesday.
Walt Disney Studios recorded a 13 percent increase in operating profit in the quarter to $117 million due to lower write-downs and strong ticket sales for The Lion King 3-D and The Help. However, the Pixar division’s Cars 2failed to meet expectations, so merchandising sales accounted for most of the studio’s operating profit.
DreamWorks Animation’s second-quarter revenue rose 38% over the same period last year, while net income zoomed upward 42%, the company announced Tuesday.