Pixar Animation Studios
reported sharp increases in second-quarter earnings and revenue Thursday, saying box-office receipts from its animated film
fueled the quarter.
In the quarter ended June 28, the company earned $19.5 million, or 34 cents a share, compared with $10.4 million, or 20 cents a share, last year. Analysts were calling for 22 cents a share.
Sales jumped to $48.9 million from $22.8 million a year ago.
brought in $260 million during the quarter, the company said. Total box-office receipts for the film have reached $374 million.
"Pixar's five films have earned over $2.1 billion at the worldwide box office to date, with more to come from
international releases, and represent half of the top-10 grossing animated films of all time," said Steve Jobs, Pixar's CEO.
Based on the success of the film, the company said on a conference call that it expects to earn $1.60 a share in 2003. Analysts are expecting $1.63 a share, and the company earned $1.68 a share last year.
Shares of Pixar, based in Emeryville, Calif., closed at $65.56 Thursday.