Dreamworks Animation's Fourth Quarter Miss Doesn't Necessarily Signal A Horrible 2012
By Chris Katje: Dreamworks Animation (DWA) shares were pushed down eight percent initially in after hours trading Tuesday after the company reported poor earnings and guidance. The shares ended Wednesday down over 12% from Tuesday's closing price. For anyone who believes in the company or sees a bargain in share price, now might be the time to take a chance and invest in the company.For the fourth quarter, Dreamworks Animation reported net income of $24.3 million on revenue of $219 million. The net income was down from $85.2 million the year before and the revenue was a decrease of 21% from $276 million the prior year. Earnings per share for the quarter were reported as $0.29, compared to $0.99 the prior year's fourth quarter. The company missed analyst's targets on net income and earnings per share but did meet their target of $206 million in revenue.For fiscal 2011, Dreamworks Animation earnedComplete Story »
- Original article
- Login or register to post comments

