Pixar Posts Profits
Created 11/02/1998 - 00:00
Pixar, the company behind "Toy Story," posted a third quarter net profit of $2.5 million, or $0.02 per share, down from a third quarter profit of $5.3 million last year. The positive profits however did surprise financial analysts who had forecasted a third quarter loss of $0.02 for the third quarter. The upcoming release of "A Bug's Life" is expected to help further rejuvenate Pixar's revenues.