RealD (RLD) Announces Quarterly Earnings, Beats Expectations By $0.13 EPS
RealD (NYSE:RLD) posted its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.23) by $0.13, American Banking News.com reports. The company had revenue of $40.60 million for the quarter, compared to the consensus estimate of $33.66 million. During the same quarter last year, the company posted ($0.09) earnings per share. RealD’s revenue was down 10.6% compared to the same quarter last year.
Shares of RealD (NYSE:RLD) traded up 2.45% during mid-day trading on Wednesday, hitting $11.70. 365,387 shares of the company’s stock traded hands. RealD has a 52 week low of $6.19 and a 52 week high of $16.05. The stock has a 50-day moving average of $11.26 and a 200-day moving average of $10.05. The company’s market cap is $576.4 million.
On the ratings front, analysts at Zacks upgraded shares of RealD from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 3rd. They now have a $12.20 price target on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.73.
RealD Inc is a licensor of three dimensional (NYSE:RLD) technologies.
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