DreamWorks Animation Drops After Earnings: Buying Opportunity?

Filed under: Earnings Reports, DreamWorks Animation (DWA)

DreamWorks Animation (DWA) was trading lower this afternoon in response to the company's latest earnings report which was released yesterday after the bell. At the time of this writing, the stock was down 2.4% to $27.43. That might sound bad, but it's actually a higher price than the intraday low of $26.71 (for further perspective, consider that the 52-week low for the shares is $26.61).



According to the Associated Press, the cartoon studio made an adjusted 47 cents per share. Oh man, know what the overall estimate was? Try 75 cents per share. Huge disparity. Honestly, I'm shocked the stock didn't drop beyond the 52-week low today based on such performance.

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DreamWorks Animation Drops After Earnings: Buying Opportunity? originally appeared on BloggingStocks on Fri, 25 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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