Can IMAX Overcome Perception When It Reports Earnings?
You wouldn't know it by the stock price, but IMAX (NYSE: IMAX) is on track for its best year ever. The big-screen specialist reported better-than-expected results in both the first and second quarters.
The premium large-format exhibitor has been capitalizing on a strong slate of movies in 2019, and the company changed the way it scheduled films, producing record-setting results in China. Unfortunately, fears that viewers are abandoning theaters for streaming and overall pessimism regarding the industry have weighed on the consumer discretionary stock, which hasn't kept pace with the broader market this year.
IMAX will have another opportunity for a blockbuster performance when the company releases its third-quarter financial results before the market opens on Oct. 31. Let's recap the second quarter and some overall industry trends to see if it provides any insight into whether investors will be spooked when IMAX reports earnings on Halloween.
Source Fool.com
