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DreamWorks Animation (NYSE: DWA) reported Q4 earnings after the bell on Tuesday, and the shares dropped over 5% in the after-hours session. As you might have guessed, the company missed expectations.

According to my earnings preview, the call was for 60 cents per share. Unfortunately, DreamWorks reported 58 cents per share on a 31% drop in net sales. However, there also was a 12-cent per-share tax benefit included in that bottom-line number. Last year, DreamWorks reported 98 cents per share.

This wasn't the quarter that dreams are made of.

Continue reading DreamWorks Animation finds that a panda is no ogre when it comes to earnings

DreamWorks Animation finds that a panda is no ogre when it comes to earnings originally appeared on BloggingStocks on Wed, 25 Feb 2009 08:40:00 EST. Please see our terms for use of feeds.

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