RealD Inc. Earnings Cheat Sheet: Profit Swings Up and Beats Forecast

RealD Inc. (NYSE:RLD) climbed to a profit in the second quarter and beat Wall Street’s expectations in the process. RealD is a global licensor of 3D technologies for commercial and home theaters.

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RealD Earnings Cheat Sheet for the Second Quarter

Results: Reported a profit of $18.9 million (33 cents per diluted share) in the quarter. RealD Inc. had a net loss of $5.1 million or a loss 12 cents per share in the year earlier quarter.

Revenue: Rose 34.7% to $88 million from the year earlier quarter.

Actual vs. Wall St. Expectations: RLD beat the mean analyst estimate of 21 cents per share. It fell short of the average revenue estimate of $94.4 million.

Quoting Management: “A strong 3D film slate and our growing base of 3D cinema systems worldwide enabled RealD to deliver significant year-over-year growth in license revenue, a key driver of our growth in net income and Adjusted EBITDA during the quarter,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD.

Key Stats:

The company has now topped analyst estimates for the last three quarters. It beat the mark by 11 cents in the first quarter and by 24 cents in the fourth quarter of the last fiscal year.

Looking Forward: The outlook for the company’s next quarter performance is unfavorable. Estimates have gone down from an average 6 cents per share to 5 cents over the past seven days. For the fiscal year, the average estimate has moved down from 42 cents a share to 40 cents over the last ninety days.

Competitors to Watch: Ballantyne Strong, Inc. (AMEX:BTN), Avid Technology, Inc. (NASDAQ:AVID), IMAX Corporation (NASDAQ:IMAX), Chyron Corporation (NASDAQ:CHYR), Dolby Labs (NYSE:DLB), Best Buy (NYSE:BBY), Regal Entertainment (NYSE:RGC), Cinemark (NYSE:CNK), Carmike (NASDAQ:CKEC) and Digislide Holdings Ltd (NYSE:DGI).

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(Source: Xignite Financials)