DreamWorks Animation Falls Short Of Earnings Expectations And Shares Sink

Wochit

by Wochit

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DreamWorks Animation on Tuesday reported a net loss of $15.4 million, or 18 cents per share, much wider than analysts had expected as How to Train Your Dragon 2 awaits release in several significant international territories, including China, Spain and Italy. Dragon 2, CEO Jeffrey Katzenberg said Tuesday, "will be a highly profitable film for the company and DreamWorks Dragons will remain a very valuable franchise for many years to come.