Friday, July 29, 2011

RealD Profits Climb in Fiscal Q1, but Revenues Dip

Despite fears that moviegoers are falling out of love with ruby tinted glasses, 3D provider RealD saw earnings jump 9.1 percent year over year in the first quarter of its fiscal year.

Net income shot up to $9.6 million from $8.8 million the same period last year.

Revenues slid 7.7 percent to $59.6 million, however.

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Source: http://www.thewrap.com/article/reald-profits-jump-226-percent-q2-revenues-slop-29564

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