Imax: 2Q Earnings Snapshot

MISSISSAUGA, Ontario (AP) _ Imax Corp. (IMAX) on Tuesday reported a second-quarter loss of $26 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 44 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share.

The entertainment technology company posted revenue of $8.9 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $10 million.

Imax shares have fallen 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.56, a decrease of 42% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMAX at https://www.zacks.com/ap/IMAX

The Associated Press