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RealD (RLD) Surges on Earnings Beat

RealD Inc. (RLD) saw its shares jump in aftermarket on Nov 12 after the company posted their second financial quarter earnings, which showed the company to have experienced far less losses than
Jacob Harper received his BA from the University of Missouri in 2005, and his MA in Writing from Missouri State in 2009. He's written for American Express, Wisebread, LA Foodie, and Fox Digital, and he served as a Writer & Editor for the 2013 Los Angeles edition of the guidebook series Not For Tourists. Jacob currently lives in Los Angeles.
Jacob Harper received his BA from the University of Missouri in 2005, and his MA in Writing from Missouri State in 2009. He's written for American Express, Wisebread, LA Foodie, and Fox Digital, and he served as a Writer & Editor for the 2013 Los Angeles edition of the guidebook series Not For Tourists. Jacob currently lives in Los Angeles.

RealD Inc. (RLD) saw its shares jump in aftermarket on Nov 12 after the company posted their second financial quarter earnings, which showed the company to have experienced far less losses than analysts expected.

Prior to the aftermarket stock pop, RealD had experienced an incredibly lackluster year, shedding over half of its value since June. While the earnings beat showed the company continuing to lose money,. The loss was not nearly as severe as anticipated.

In a conference call with investors, CEO and co-founder Michael V. Lewis attributed the company’s success to renewed faith in 3D, whose renaissance the last few years had begun to taper. Specifically, Lewis singled out the success of 3D blockbuster film Gravity, whose breakout delivered nearly $200 million in “RealD box globally and record levels of 3D.”

The opening weekend of Gravity constituted the best 3D opening ever, surpassing even the biggest blockbuster of all time, Avatar, in terms of 3D receipts generated.

For their fiscal second quarter 2013 earnings report, RealD  reported a net loss of $4.7 million, or $0.09 per share, versus the net loss of $4.2 million, or $0.08 per share, from the same period a year ago. Revenue for the quarter was $43.9 million ($31 million from licensing and $12.9 million from other streams), as compared to $55 million in revenue from the same quarter the previous year. Analysts were expecting a net loss of $0.19 per share on revenues of $42.5 million.

RealD popped on the news, gaining 22 perent to hit $8.54 a share.

If you don't feel that U.S. culture (and much of the world in different ways) is in turmoil, you are not paying attention.
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