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Los Angeles Times

DreamWorks Animation profit falls below Wall Street estimates

DreamWorks Animation, the Glendale studio behind the "Shrek" and "Madagascar" movies, reported lower-than-expected financial results for the second quarter.

For the quarter ended June 30, the company reported net income of $12.8 milion, or 15 cents per share, down 62% from a year earlier. Revenue for the quarter also fell sharply, declining 25% to $162.8 million.

Analysts had forecast net income of 25 cents per share.

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-- Richard Verrier

 

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