DreamWorks reports net income of $20.3m
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DreamWorks Animation yesterday reported net income of $20.3m for the third quarter, rebounding from a loss of $35.9m last year, in its first earnings announcement since it went public in October.
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Business Objects reported a 19 percent rise in revenue for the third quarter, driven by services, but earnings were dragged down by a shortfall in license revenue, recent acquisitions and legal costs.While the income figures are broadly in line with preliminary results announced on Oct. 7, the company had expected its earnings to be better. The results come about two weeks after&#160;SAP announced plans to acquire Business Objects&#160;for $6.7 billion.Earnings for the quarter fell to $6.4 million, or $0.07 per share, from $19.6 million, or $0.21 per share, a year earlier, Business Objects said. It had predicted earnings of $0.16 to $0.20 per share.The earnings reported include a charge of around $7 million, equivalent to $0.05 per share, to settle litigation with Decision Warehouse. Business Objects had previously honored Decision Warehouse as its top distributor in Latin America: the company now resells products from&#160;Hyperion, which was recently bought by Oracle, and&#160;BEA Systems, which Oracle is trying to buy.Revenue for the quarter, which ended Sept. 30, was $369 million, up 19 percent compared to a year earlier. The growth was driven by revenue from services such as product maintenance, up 27 percent, and consulting and training, up 34 percent year on year.Growth in license revenue lagged, up just 6 percent compared to a year earlier, although license revenue from all product lines continued to grow, the company said.The&#160;acquisition of Cartesis, completed on June 1, and of&#160;Inxight Software, completed on July 3, added around $21 million in revenue for the quarter.Business Objects also profited from exchange rate fluctuations: while total revenue grew 19 percent year on year, at constant currency rates it grew just 15 percent, while license revenue grew 2 percent at constant currency rates.Business Objects warned that there&#39;s more uncertainty ahead -- and not just because of SAP&#39;s bid for the company, announced Oct. 7.The unexpected shortfall in third-quarter licensing revenue, added to uncertainty about customers&#39; future spending ahead of the merger, prompted the company to withdraw previously issued financial guidance.
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Star-struck Wall Street gave a  dazzling welcome to DreamWorks Animation SKG Inc. DWA.N on  Thursday, sending shares of the animated film maker up more  than 35 percent in their market debut.
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The investment firm reported strong third-quarter earnings.
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Fourth-quarter profit rose 271 percent, buoyed by the purchase of DreamWorks SKG and DVD sales of âOver the Hedge.â
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The Auburn Hills-based Chrysler Group made a profit of $269 million in the third quarter, even though worldwide sales and revenues declined, contributing to a $1.
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Riding the tail of a shark, DreamWorks Animation Inc. arrives on Wall Street today in the most high-profile entertainment company initial public offering in years.
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DreamWorks Animation, the company behind the blockbuster Shrek movies, has enjoyed a fairytale beginning on Wall Street with its share price leaping nearly 40 per cent.
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The initial public offering of DreamWorks Animation SKG Inc. raised a more than expected $812 million on Wednesday after the shares of the film producer priced well above expectations.
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NEW YORK/LOS ANGELES  - DreamWorks Animation SKG  Inc. will find out this week if box office success can be  turned into Wall Street cash in a widely anticipated initial  public offering that could raise up to $725 million.
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RIDING the success of back-to-back animated hits, the entertainment company DreamWorks priced shares for its animation unit above the anticipated level, raising $812 million in an initial public offering yesterday.
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Dreamworks cartoon movie &quot;Shark Tale&quot; has ruled the North America box office since its debut over the weekend. The animated fish story raked in a record of over 49 million US
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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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Animated movie Shark Tale has remained top of the US box office for a second week, amassing Â£31.7m ($17.6m)over the weekend, according to studio estimates.
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Shark Tale, distributed by DreamWorks, topped the US box office and added $31.7 million to its receipts of $88 million, estimated boxofficemojo.
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E.D.S. reported net income of $189 million, or 36 cents a share, in the quarter that ended Dec. 31. That was down from $217 million, or 40 cents a share, a year earlier.
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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.