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DreamWorks Animation Takes $57M Write-Down on 'Penguins of Madagascar'

By Clip Syndicate
DreamWorks Animation took a $57.1 million write-down primarily on the lackluster performance of Penguins of Madagascar as well as Mr. Peabody and Sherman, the beleaguered film studio announced Tuesday while posting less-than-expected quarterly financial results. The film studio run by CEO Jeffrey Katzenberg posted a loss of $3.08 per share in the fourth quarter while analysts predicted a loss of $3.01. Revenue was $234.2 million while analysts expected $246 million

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Related Keywords:Technology And Computing, Graphics Software, Dreamworks Animation, Penguins Of Madagascar, Teresa Cheng, How To Train Your Dragon

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