RealD Offers Mixed Quarterly Results

RealD on Monday reported fiscal second-quarter results that fell short of the expectations of analysts on the bottom line but beat them on the top line.

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The 3D movie company also lowered guidance for operating expenses in the current quarter.

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RealD said revenue was $55 million, down from $88 million in the year-ago quarter when movies from the Harry Potter and Transformers franchises were in theaters. Analysts expected about $47 million in revenue.

RealD's net loss was $4.2 million, or 8 cents per share, down from a profit of $19.2 million a year ago. Analysts expected the company to lose only 4 cents per share.

In the current quarter, RealD expects operating expenses of up to $100 million, about $5 million less than it previously expected due in part to "slower than anticipated growth in headcount."

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Titles coming up this quarter for RealD include Wreck-it-Ralph, Rise of the Guardians and The Hobbit: An Unexpected Journey. Titles in the next quarter include The Texas Chainsaw Massacre 3D, Oz: The Great and Powerful and The Croods.

Shares of RealD fell 3 percent during the regular session to $9.17 and were unchanged during the after-hour session.