IMAX Q1 Earnings Beat, Revenues Fall Y/Y on Box Office Slump

IMAX Corporation (IMAX) reported first-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate by a whopping 50% but declined 6.3% from the year-ago quarter.Total revenues of $79.12 million beat the Zacks Consensus Estimate by 1.6% but decreased 9% year over year. Greater China accounted for 27.1% of revenues. The metric declined 19.2% year over year to $21.4 million.Category-wise, technology sales and technology rentals were down 55.7% and 7.3% year over year to $7.9 m ...