IMAX Q2 Earnings Beat, Revenues Fall Y/Y on Box Office Slump

IMAX Corporation (IMAX) reported second-quarter 2024 adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate by a whopping 200% but declined 31% from the year-ago quarter.Total revenues of $88.96 million beat the Zacks Consensus Estimate by 15.84% but decreased 9% year over year. Greater China accounted for 25.6% of revenues. The metric increased 19% year over year to$ 22.8 million.Category-wise, technology sales and technology rentals were down 30.4% and 28.2% year over year to $20 ...