Pixar Sees Some Lift After Report

The company romped past expectations on the success of the animated film <I>Finding Nemo</I>.
Publish date:

Updated from Nov. 6

Shares of

Pixar Animation Studios


was getting a mild lift from its third-quarter report. Results blew past analyst expectations, thanks to the blockbuster success of

Finding Nemo

, but were short of the year-ago period.

In recent trading, Pixar was up $1.02, or 1.5%, to $71.18.

The Emeryville, Calif.-based company reported GAAP net income of $13.2 million, or 23 cents a share, on total revenue of $30.2 million in the third quarter, which ended Sept. 27. That handily beat analyst estimates that had forecasted Pixar would earn 13 cents a share on $21.8 million in revenue in the third quarter. But it was lower than results from a year ago, when Pixar earned $46.9 million, or 87 cents a share, on $102.5 million in revenue.

Finding Nemo

, the tale of an orange and white striped fish, grossed $424 million at box offices worldwide by the end of the third quarter, making it the highest grossing animated film of all time, the highest grossing film so far this year and the top-selling home-video title in the U.S. "With

Finding Nemo

making its theatrical debut in many of the larger international territories throughout the fall, Pixar is on track to have the best year in its history," said Pixar CEO Steve Jobs.

Shares of Pixar climbed 20 cents, or 0.3%, to close Thursday at $70.16. Shares rose to $70.71 in after-hours trading.