Shares of Imax Corporation dropped 5.18% in the after-hours trading session on Wednesday, as the entertainment technology company reported weaker-than-expected financial results for the fourth quarter of 2024.
For Q4, Imax posted adjusted earnings per share of $0.27, falling short of analysts' consensus estimate of $0.30 per share. The company's revenue also came in light at $92.7 million, missing Wall Street's expectations of around $104 million.
Despite the earnings miss, Imax's fourth-quarter earnings and revenue still grew year-over-year. The company expressed optimism about delivering a box office collection of over $1.2 billion in 2025, banking on the unique advantages of its business model after a record-breaking Chinese New Year performance.
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