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Tuesday, 31 July 2012 - RealD results miss estimates, shares slip |
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See the best of Reuters photography.  See more | Photo caption  Olympic best Our top photos from the London 2012 Olympic Games.  Slideshow  Olympic tattoos Athletes' tattoos are sported during the Games.   Slideshow  RealD results miss estimates, shares slip Tweet Share this Email Print Related News Seagate results miss expectations on supplier issue 4:53pm EDT UPDATE 4-Aon getting back on track as investments pay off Fri, Jul 27 2012 Starbucks cuts view, U.S. slows; shares sink Thu, Jul 26 2012 Amazon profit margin rises as new businesses grow Thu, Jul 26 2012 CORRECTED-UPDATE 2-Evercore beats estimates in tough M&A market Thu, Jul 26 2012 Related Topics Tech » Mon Jul 30, 2012 4:55pm EDT (Reuters) - RealD Inc, a licensor of 3D technologies, reported a lower-than-expected quarterly results on lower profit from 3D eyewear. Shares of the company were down 20 percent in after-market trade. They had closed at $12.60 on Monday on the New York Stock Exchange. The company's net income attributable to common stockholders fell to $3 million, or 5 cents per share, in the first quarter, from $9.5 million, or 17 cents per share, a year earlier. The company said profit fell on a $5.9 million decline in product and other gross profit that resulted from a reduced mix of recycled 3D eyewear shipped to RealD-equipped theaters in the quarter. Revenue rose 14 percent to $68.2 million. Analysts on average had expected earnings of 15 cents per share on revenue of $70.4 million, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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    Other News on Tuesday, 31 July 2012
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