DreamWorks Animation stock falls on 'Turbo' box office projections

Shares of DreamWorks Animation SKG Inc. fell Wednesday after box office forecasters said its animated film "Turbo" could disappoint at the box office. 

"Turbo," which features the voice of Ryan Reynolds as a garden snail with dreams of winning the Indy 500, is expected to take in about $35 million over five days in its first weekend, according to early industry projections. The film, which cost $135 million, opens Wednesday. 

Cowen & Co. analyst Doug Creutz said in a note to clients that the film was headed for a "very weak" opening, and may be hurt at the box office by this year's glut of summer movies. He noted the fact that two animated features, "Despicable Me 2" and "Monsters University," have done big business recently.

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-- Ryan Faughnder, Los Angles Times


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