The lack of hit blockbusters in the fourth quarter of 2023 took a toll on Imax, but the diversification of the films the company exhibits on its premium screens helped keep it in the black on an earnings-per-share basis, as the company posted $86 million in revenue on Tuesday.
Some of the topline numbers:
Earnings per share: Imax reported adjusted earnings of 11 cents per share, slightly above projections of 10 cents by Zacks Investment Research. That is down from 19 cents per share in Q4 2022, which was boosted by the Christmas release of “Avatar: The Way of Water.”
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