DreamWorks Animation (DWA) Stock Closes Lower After Earnings Results

NEW YORK (TheStreet) -- DreamWorks Animation (DWA) stock spent the day in the red, finishing down by 4.34% to $24.93 on Friday afternoon, following the release of the movie studio's 2015 first quarter financial results.

The studio behind the films "How to Train Your Dragon" and "Home" posted a wider earnings loss of $54.8 million or a loss of 64 cents per share for the most recent quarter. For the same period in 2014 DreamWorks reported a loss of $42.9 million or a loss of 51 cents per share.

Analysts polled by Thomson Reuters had forecast for a loss of 45 cents per share for the first quarter.

DreamWorks' revenue for the quarter grew by 13.1% to $166.5 million, above the $164.5 analysts were looking for.

"While 2015 is a transitional year for us, the worldwide box office performance of Home serves as early evidence that the changes we're making in the core feature animation business are working," DreamWorks CEO Jeffery Katzenberg said in a statement.

Separately, TheStreet Ratings team rates DREAMWORKS ANIMATION INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate DREAMWORKS ANIMATION INC (DWA) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: DWA Ratings Report

DWA Chart DWA data by YCharts

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home