Pixar reaches new high on earnings
Shares of Pixar headed firmly into double-digit percentage gains before the midway point, and continued on a steadily upward climb throughout the session. The jump came after the company’s stock had suffered several down trading days.
The Emeryville, Calif.-based company, producer of such films as “Toy Story,” “Monsters Inc.” and “The Incredibles,” said after the close Tuesday that it earned $27.4 million, or 22 cents a share, compared with a profit of $22.4 million, or 19 cents a share, in the same quarter last year.
Revenue rose to $45.8 million from $44.5 million.
Pixar hits all-time high on earnings report – Media – Earnings