‘The Croods’ helps DreamWorks Animation profit beat expectations
With the help of some cavemen, DreamWorks Animation SKG Inc. delivered a stronger-than-anticipated profit in the second quarter.
The Glendale studio reported net income of $22.2 million, or $0.26 a share, on revenue of $213.4 million during the quarter ended June 30.
That’s well above net income of $12.8 million, or $0.15, on revenue of $162.8 million, during the same period a year earlier. The results easily exceeded the 20 cents a share estimate analysts had predicted.
--Richard Verrier, Los Angeles Times