Nov 05, 2009

TORONTO -- Giant screen exhibitor Imax Corp. on Wednesday swung to a third quarter profit as it sees momentum from its expanding theatre network and new digital projection model setting in. Toronto-based Imax posted earnings of $1.1 million for the three months to Sept. 30, against a loss of $2.1 million in 2008, on revenue up sharply to $43.6 million, against a year-earlier $32.9 million. The profit line included a 6 cent per-share employee compensation charge as the Imax stock price...More