Dreamworks Animation shares fly up after hours as company smashes through expectations with $259m revenue
Shares in Dreamworks Animation, the company behind the Shrek and How To Train Your Dragon franchises, went up by almost nine per cent in after hours trading, despite the firm posting a $3.5m (£2.3m) loss for the third quarter of 2015.
However, revenue rose 43.3 per cent to $259m in the three months to 30 September from $181m in the same period of last year, smashing through analysts' expectations of $201m.
Home, which was released in March and boasted a star-studded cast including Rihanna, Steve Martin and Jennifer Lopez, contributed around $49.7m to the feature film segment's revenue in the third quarter, while The Penguins of Madagascar, released in 2014, made $39.8m.
How To Train Your Dragon 2, also released in 2014, brought in $7.4m, and that year's Mr. Peabody and Sherman contributed $2.6m.
Dreamworks boss Jeffrey Katzenberg said the results were solid, with “strong top-line growth”.
“While we still have considerable work ahead of us, I am proud of the team's collective efforts and remain confident that we are well positioned to meet or even exceed our stated goals for the year while continuing to drive long term value for our stakeholders,” he added.