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DreamWorks Dives on Bleak Box Office Numbers in Second Quarter

Keris Alison Lahiff
7/29/14 5:53 PM EDT
DreamWorks' summer flick 'How to Train Your Dragon 2' did little to contribute to the movie studio's topline over the second quarter. The company, which specializes in family animation, reported a 43% drop in revenue to $122.3 million after the sequel's soft open at the box office in mid-June. The film, which has since topped $428 million worldwide since its debut, had yet to be released in key international markets by the quarter's close. DreamWorks recorded a net loss of 18 cents a share, far wider than analysts' estimates of net losses of 2 cents a share. Weak sales of 'Mr Peabody & Sherman' contributed to results below expectations a quarter earlier. TheStreet's Keris Lahiff has details form New York.
Stock quotes in this video: DWA

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