Monday, October 14, 2013 5:19:49 PM
1:49 PM ET 10/14/13 | Dow Jones
13:49 EDT - "Gravity" may be holding RealD (RLD) from the deepest depths, but the "lack of visibility into the path toward margin expansion" is keeping Dougherty & Co. muted on the 3D-tech licensor while cutting estimates for the recently concluded F2Q. The investment bank says RLD's business is getting squeezed not just by overall lackluster 3D demand but IMAX getting "an increasing share of this shrinking pie." For "Gravity," which is generating 80% of its big ticket sales from 3D, IMAX showings totaled 21% of the opening weekend's North America gross while the low-teens was typical a year ago, notes Dougherty. RLD, which have been more than halved the past 4 months, rises 4.1% to $7.09 as "Gravity" viewings this past weekend were unexpectedly strong. (joe.melvin@wsj.com)
> Dow Jones Newswires
October 14, 2013 13:49 ET (17:49 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
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