Search form

Pixar Announces 2nd Quarter Results

Pixar Animation Studios announced their financial results for the second quarter ended June 30, 2001. For the quarter, Pixar posted earnings of US$8.8 million, or $0.17 per diluted share. These results compare to earnings of $8 million, or $0.16 per diluted share, in the year-ago quarter. Revenues for the quarter were $16.7 million, compared to $18.3 million in the year-ago quarter. Pixar also announced that it is raising projections for 2001 from the previous range of $0.40 to $0.55, to a new range of $0.50 to $0.58. Film revenues for the second quarter were $14.7 million, which included the first television licensing deal of A BUG'S LIFE to ABC. Pixar CEO Steve Jobs said. "Our first licensing deal for the network television rights to A Bug's Life opens an important new revenue stream and enhances the evergreen value of our film library."

Rick DeMott's picture

Rick DeMott
Animation World Network
Creator of Rick's Flicks Picks

Tags 
randomness