For weeks, IMAX has been touting its record-breaking results from summer releases of such films as Disney's Cars 2 , Paramount's Transformers Dark of the Moon, and Harry Potter and the Deathly Hallows Part 2 . It now turns out that it will need those results, which will mostly show up in the third quarter, to offset a dismal first and second quarter that came in well below analysts' estimates. The company reported net income of $4.6 million, roughly half of what it reported for the same period a year ago ($8.4 million). In a statement, IMAX CEO Richard Gelfond blamed the poor showing on the fact that "there were fewer blockbuster titles that are consistent with our brand than in the same period last year."

28/07/2011