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    You WIll Need To Reset Your Password!!!

    We just moved hosts on this system, and this has caused a few updates. One is the way we encode and store the encoded passwords.

    Your old passwords will NOT work. You will need to reset your password. This is normal. Just click on reset password from the log in screen. Should be smooth as silk to do...

    Sorry for the hassle.

    Dave Koch
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    Are You Just Hanging Out?

    Just lurking? Join the club, we'd love to have you in the Big Cartoon Forum! Sign up is easy- just enter your name and password.... or join using your Facebook account!

    Membership has it's privileges... you can post and get your questions answered directly. But you can also join our community, and help other people with their questions, You can add to the discussion. And it's free! So join today!

    Dave Koch
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    Renegades of Animation: Pat Sullivan

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4Q profits help propel DreamWorks Animation shares

Discussion in 'DreamWorks' started by Dave Koch, Nov 4, 2013.

  1. Dave Koch

    Dave Koch Cartoon Admin

    Oct 27, 2013
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    DreamWorks Animation SKG Inc. shares rose Wednesday by almost 5% -- $1.21 -- to $25.65, one day after the studio reported a stronger fourth quarter than analysts predicted.

    Shares in DreamWorks Animation rose 55 cents to $24.44 even before the earnings were announced Tuesday.

    The company said that revenues jumped 42% from the previous year to $290.2 million, helped in large part by Shrek The Third's blockbuster box-office performance.

    Net profit reached $94.1 million (98 cents a share) in the fourth quarter of 2007, up from a loss of $21.3 million (20 cents a share) a year earlier.

    On average, analysts polled by Thomson Financial expected the company to post earnings of 72 cents a share on revenue of $277 million.

    Bee Movie, released November 2, was thought by analysts to be a relative disapppointment. However, DreamWorks CEO Jeffrey Katzenberg predicted that the film will become profitable after its DVD release next month. The movie made in $126.6 million in North America and $285.2 million worldwide.

    Wall Street expects DreamWorks Animation to write down the value of the movie, said Evan Wilson of Pacific Crest Securities.

    Wilson says that the next few years will see stronger DreamWorks releases, including Kung Fu Panda, an adaptation of the book How To Train Your Dragon, and Shrek Goes Fourth. "The content of its upcoming films is vastly improved from the struggles it encountered in 2006, and a much-less-crowded 2008 should allow it to post solid numbers for the year," he said.

    Goldman Sachs analyst Ingrid Chung thinks that DreamWorks Animation's four films of 2007 and 2008, including Madagascar: The Crate Escape, will outdo its four offerings of 2005 and 2006.

    "We look to strong 2008 results from Kung Fu Panda this June in front of the Beijing Olympics and its Christmas season home video release," Chung wrote in a client note.

    Worries about the relatively low North American ticket receipts of Bee Movie and concerns about Shrek DVD sales proved exaggerated, added Chung, who held onto a "buy" rating and a $30 per share price target.

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