IMAX Q4 Earnings Beat, Revenues Fall Y/Y on Box Office Loss

IMAX Corporation (IMAX) reported fourth-quarter 2023 adjusted earnings of 17 cents per share, which beat the Zacks Consensus Estimate by a whopping 70% but declined 10.5% from the year-ago quarter.Total revenues of $86.01 million missed the Zacks Consensus Estimate by 3.84% and decreased 12.3% year over year.Greater China accounted for 19.2% of revenues. The metric declined 35.8% year over year to$ 16.5 million.Category-wise, Technology Sales and Finance Income were up 4.3% and 10.7% year over year to $35.3 ...