RealD Inc. (NYSE:RLD) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
RealD Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Decreased 13.17% to $59.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RealD Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.04. It beat the average revenue estimate of $57.68 million.
Quoting Management: “We had a challenging first quarter, as moviegoers were more selective than expected regarding the films they chose to experience in 3D. Collaborating with our exhibitor and studio partners we have recently initiated a variety of new industry efforts to further promote the appeal of seeing films in RealD and the premium RealD experience,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD.
Key Stats (on next page)…