This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Pixar Beats Handily

Updated from 4:49 p.m.

Pixar (PIXR) beat the earnings estimate it made analysts back at midquarter and offered guidance well above current expectations.

The computer-generated animation studio cited the "stellar" box office performance of The Incredibles, released last November.

For the fourth quarter ended Jan. 1, Pixar reported earnings of $55.2 million, or 91 cents per share. That's down from the $1.44 per share Pixar earned in the fourth quarter of 2003, but ahead of the Thomson First Call expectation of 77 cents.

With Pixar's one-movie-a-year release schedule making quarterly results erratic, analysts had a wide range of quarterly estimates going into the release -- anywhere from 64 cents to $1.25 per share, according to Thomson.

The company earned $2.38 a share for the year, ahead of the company's Nov. 11 guidance range of $2.10 to $2.20 a share.

Fourth-quarter revenue amounted to $108.9 million, down from $164.8 million a year earlier but beating the consensus figure of $97 million.

Year-earlier results were boosted by the November 2003 home video release of Finding Nemo. The company plans to release The Incredibles on DVD March 15.

Looking ahead, the company forecast first-quarter 2005 EPS in the range of 85 cents to 95 cents. The eight-analyst estimate for the first quarter currently stands at 27 cents per share.

The company's next theatrical release, Cars, isn't expected to be released until the summer of 2006. It's slated to be the last original feature produced and distributed under Pixar's multiyear agreement with Disney (DIS - Get Report). Pixar hasn't revealed any agreement as to what studio might replace Disney as its distributor for future movies.

Shares in Pixar, up $1 to $89.88 in normal trading, gained another $1.95 after hours.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.24 0.70%
DIS $105.24 0.23%
FB $83.01 0.11%
GOOG $555.17 -0.65%
TSLA $190.41 -2.00%

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs