UPDATE 2-DreamWorks posts bigger-than-expected loss as spending rises April 30- Hollywood studio DreamWorks Animation SKG Inc reported a bigger-than-expected quarterly loss as the company spends heavily on restructuring and diversifying its business. Shares of DreamWorks, known for film franchises such as "Shrek," "Madagascar" and " Kung Fu Panda," fell about 5 percent to $24.70 in light extended trading on Thursday.
| By: Anya George Tharakan
Dreamworks reports 1Q loss GLENDALE, Calif.- Dreamworks Animation SKG Inc. on Thursday reported a loss of $54.8 million in its first quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share. Four analysts surveyed by Zacks expected $174 million.
Source: The Associated Press
UPDATE 1-"Home" run drives DreamWorks revenue beat April 30- Hollywood studio DreamWorks Animation SKG Inc reported higher-than-expected revenue, helped by the success of "Home" movie, its only release this year, and revenue from its "How to Train Your Dragon" franchise. DreamWorks said on Thursday that it earned $2.9 million from "Home", which was released on March 27, in the first quarter and $41.4 million in home...
Hollywood studio DreamWorks' revenue rises 13 pct April 30- Hollywood studio DreamWorks Animation SKG Inc reported a 13 percent rise in quarterly revenue, helped by the success of its "Home" animated movie, its only release this year. However, net loss attributable to DreamWorks widened to $54.8 million, or 64 cents per share, in the first quarter ended March 31 from $42.9 million, or 51 cents per share, a year earlier.