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Imax: Q1 Earnings Snapshot

April 28, 2022 GMT

MISSISSAUGA, Ontario (AP) _ Imax Corp. (IMAX) on Thursday reported a loss of $13.6 million in its first quarter.

The Mississauga, Ontario-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 14 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The entertainment technology company posted revenue of $60 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $58.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMAX at https://www.zacks.com/ap/IMAX