DreamWorks Animation Loses Money For the Second Quarter in a Row

July 29, 2014 10:00 PM

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DreamWorks Animation Loses Money For the Second Quarter in a Row

DreamWorks Animation reported a loss of $15.4 million in the second fiscal quarter, the second consecutive quarterly loss for the company. It reported earnings per share of -$0.18, a result worse than analysts had expected that sent the company's stock down nine percent in after-hours trading.

DreamWorks Animation did not lose as much money in the second quarter as it did in the first, when the company took a a $57 million write-down due to the poor box office performance of “Mr. Peabody and Sherman.” In the quarter before that, the fourth of 2013, it took a write-down on its movie “Turbo...

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