Tuesday, September 28, 2021

REALD: BUSINESS DOWN; STOCK WELL UP

November 14, 2013 by · Leave a Comment 

No one would have cheered RealD’s quarterly report on Wednesday. After all, the company, which provides 3D projection and auxiliary devices to theaters, reported a second-quarter net loss of $4.7 million and said that its year-over-year revenue fell 20 percent. But analysts had predicted far worse results, and RealD’s stock had been hammered as a result of their predictions. When they turned out to be too pessimistic, the company’s stock soared, rising 25.1 percent on the NYSE on Wednesday. The Motley Fool website commented that RealD appears to be “adjusting to the market” and Eric Wold, a media analyst for B. Riley and Co., wrote: “We remain positive on the long-term view for RealD’s 3D market share, solid outlook for overseas growth and potential consumer-electronics license contributions.”