Here's Why Imax Stock Shot Higher Today

Shares of movie theater technology company Imax (IMAX 10.58%) shot higher on Wednesday after the company reported financial results for the fourth quarter of 2023, beating expectations. As of 10:40 a.m. ET, Imax stock was up 10%.Imax has growth and profitsImax makes money both by installing its premium equipment in theaters and from films that have been enhanced for Imax. The company saw growth for both segments in 2023. Not only that, its full-year gross profit margin increased in both segments as well.For ...