Shares in Imax China rose as much as 7.3 percent in Hong Kong trading Monday following news that the Chinese government will allow cinemas to reopen. Shares in other companies linked to the movie business similarly surged.
24.04.2020 - 00:29 / deadline.com
By Dade Hayes
Finance Editor
World Wrestling Entertainment, which has hit some bumps in the road recently, the latest being COVID-19, beat Wall Street estimates for first-quarter revenue and earnings. Its shares climbed more than 10% on the news.
Net income for the period came in at $26.2 million, or 31 cents a share, while revenue of $291 million shot up 60% $182.4 million a year ago. Analysts had expected 25 cents and $266.5 million, respectively.
The company, which laid out several
Shares in Imax China rose as much as 7.3 percent in Hong Kong trading Monday following news that the Chinese government will allow cinemas to reopen. Shares in other companies linked to the movie business similarly surged.
It's the legendary songwriter's first album of original material in eight years
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