Dreamworks Animation SKG Inc. (DWA) on Wednesday reported net income of $11.9 million in its third quarter.
The Glendale, California-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring gains, were 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The animation studio posted revenue of $180.9 million in the period, which also topped Street forecasts. Analysts expected $168 million, according to Zacks.
Dreamworks shares have dropped 34 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.29, a drop of 16 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. DWA stock research report from Zacks.