DreamWorks Animation quarterly results missed analysts' estimates as sales fell sharply, sending its shares down 8 percent in after-market trading on Tuesday.
Analysts were expecting earnings of 25 cents per share, according to Thomson Reuters.
Revenue fell 25 percent to $162.8 million, below analysts' expectations of $186.2 million.
DreamWorks' most recent movie, "Madagascar 3: Europe's Most Wanted," contributed about $54.8 million to its quarterly revenue.
"Puss In Boots" brought in $22.8 million, driven primarily by home entertainment, while "Kung Fu Panda 2" accounted for $46.4 million, backed mainly by U.S. domestic pay television.
DreamWorks shares were down $1.60 at $17.60 in after-market trading. They had closed at $19.20 on the Nasdaq on Tuesday.
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Source: http://www.thewrap.com/movies/article/dreamworks-animation-2q-earnings-profit-revenues-drop-50151
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