DreamWorks Earnings Miss Expectations; Shares Skid

Tuesday, 28 Feb 2012 | 4:27 PM ET

DreamWorks Animation reported a sharp drop in earnings that was even worse than expected. Shares fell in after-hours trading.

The companyposted fourth-quarter earnings excluding items of29 cents per share,downfrom 99 cents a share in the year-earlier period.

Revenue was $219 million, a 21-percent decrease from $276 million a year ago.

Analysts had expected the company to report earnings excluding items of 32 cents a share on $207 million in revenue, according to Thomson Reuters.

After the earnings announcement, the company's shares fell in after-hours trading.(Click here for the latest after-hours quote.)

  Price   Change %Change


Contact Technology


    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.