UPDATE 1-Pixar reports lower quarterly earnings [FWRDKZV]
(Adds details, analysts estimates, share price)
LOS ANGELES, March 7 (Reuters) - Pixar Animation Studios Inc.
<PIXR.O> said on Tuesday it had lower fourth-quarter earnings from
a year earlier, when it benefited from the foreign release of its
hit film "The Incredibles" and pay TV revenue for "Finding Nemo."
Net income was $30.9 million, or 25 cents per share, compared
with $55.2 million or 45 cents per share in the year-earlier
quarter. The year-ago numbers have been adjusted for a two-for-one
stock split that occurred in April, 2005.
In January, Pixar said it had agreed to be bought by the Walt
Disney Co. <DIS.N> in a $7.4 billion transaction expected to close
this summer.
Revenue was $55.6 million, compared with $108.9 million a year
ago.
Analysts, on average, had expected net earnings of $20.8
million, or 17 cents per share and revenue of $44.7 million,
according to Reuters Estimates. On an adjusted basis, analysts
expected 18 cents per share.
Shares of Pixar were up at $64.40 on Inet after closing at
$64.03 on Tuesday on Nasdaq.
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07Mar06 21:37 GMT
Symbols:
ar;DISN de;PIX de;PIXF de;PIXS de;PIXX de;WDP gb;PIXR mx;DIS pe;DIS us;DIS
us;PIXR us;WDS
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