DreamWorks Animation SKG (DWA) Posts Smaller Q1 Loss

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Go back to DreamWorks Animation SKG (DWA) Posts Smaller Q1 Loss

DreamWorks Animation Reports First Quarter 2015 Financial Results

April 30, 2015 4:01 PM EDT

GLENDALE, Calif., April 30, 2015 /PRNewswire/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today reported revenues for the quarter ended March 31, 2015 of $166.5 million, representing an increase of 13.1% from the same period in 2014. In addition, DWA reported an adjusted(1) operating loss of ($3.4) million and adjusted(1) net loss attributable to DWA of ($21.5) million or an adjusted(1) loss of ($0.25) per share. Adjusted financial results exclude a $31.9 million pre-tax charge associated with Company's restructuring plan announced on January 22, 2015.

Including the impact of the restructuring plan, DWA reported an operating loss of ($35.3)... More