When comparing pre-pandemic data from the second quarter of 2019, residential home sales in Rhode Island have seen a price increase of 47.3% for single-family homes, 56.8% for condominiums, and 78.7% for multifamily homes. On average, it is an increase of
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Why IMAX Shares Jumped More Than 16% Today Anders Bylund
What happened
IMAX (NYSE: IMAX) lit up the silver screen on Friday, rising as much as 16.6% on a day when most stocks took a deep dip instead. The provider of larger-than-life cinema experiences crushed Wall Street s revenue estimates in Thursday night s fourth-quarter earnings report.
So what
In the fourth quarter, IMAX s total revenue fell 55% year over year to $56 million. Your average analyst had expected an even deeper plunge to approximately $47 million. This was technically a mixed report because the bottom line showed a net loss of $0.21 per share, slightly worse than the Street s projected loss of $0.20 per share. Investors shrugged off the mild earnings miss to focus on a huge revenue surprise instead.