DreamWorks Animation posts profit
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DreamWorks Animation SKG Inc. credited Wednesday a green ogre named Shrek for helping the animated film studio turn a quarterly profit after posting a loss in the same period last year.
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DreamWorks beats analyst earnings estimates by two cents per share -- thanks to a green animated ogre who draws greenbacks like a magnet.
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DreamWorks Animation SKG Inc. on  Tuesday set its planned initial public offering at 29 million  shares that could raise up to $725 million, announcing the  terms after its new film "Shark Tale" snagged the No. 1 U.S.  box office spot for the second straight weekend.
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Spurred on by a large, green ogre, buoyed by a school of wise-cracking fish and with a podgy superhero helping its cause, DreamWorks Animation yesterday saw its share price rise by 41% on its first day of trading.
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New stock on the block DreamWorks Animation (NYSE: DWA) would hardly qualify as a hidden gem. When it went public six weeks ago, raising $700 million, the stock went from its $28 IPO price to close at $38.75 a share.
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LOS ANGELES  - By the standard box  office reckoning, DreamWorks' "Shrek 2" won the summer box  office derby with domestic ticket sales of $440 million. And  Lions Gate's "Fahrenheit 9/11," though a resounding success,  was the summer's ninth most successful movie with a domestic  gross to date of $119 million.
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Shares in DreamWorks Animation SKG Inc., the producer of the Shrek movies, rose as much as 41 percent as investors bet the company can use $700 million of proceeds from its initial stock sale to challenge Pixar Animation Studios.
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DreamWorks Animation SKG on Tuesday set its planned initial public offering of stock at 29 million common shares at an estimated price of $23 to $25 per share.
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Underwriters for DreamWorks Animation SKG Inc., producer of the blockbuster "Shrek" movies, Tuesday set the terms of the company's pending initial public offering at 29 million common shares, with an estimated price range of $23 to $25 a share.
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Walt Disney Co. posted an unexpected rise in quarterly earnings on Monday as theme parks and media networks units showed improvement.
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Walt Disney Co's  quarterly  profit topped Wall Street targets as Disney World set  attendance records and its TV and consumer businesses grew  despite a turbulent U.S. economy, while executives said they  were "pretty optimistic."
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LOS ANGELES - DreamWorks Animation Inc., the film studio behind &quot;Shrek&quot; and &quot;Shark Tales,&quot; went public Thursday on Wall Street, and its new stock immediately shot up 36 percent.
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The airline posts its first profit in three years.
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Walt Disney Co.  posted a 24 percent rise in profit on Thursday as advertising gains at ESPN and ABC television networks more than made up for a sharp slowdown at Disney's movie studio.
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Pixar Animation Studios reported higher third quarter earnings Thursday on home video sales of its five animated films, most notably last year's hit "Finding Nemo."
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Omnicom Group Inc., owner of advertising agencies such as BBDO and DDB Worldwide, on Tuesday reported third-quarter profit beat Wall Street expectations as revenue increased 14 percent from the year-ago period.
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DreamWorks Animation SKG Inc., the creator of the ``Shrek&#39;&#39; and ``Shark Tale&#39;&#39; animated films, raised $812 million in an initial public offering to pay debt and to fund more movie making.