DreamWorks Animation stock falls on possible 'Turbo' write-down

July 22, 2013 5:26 PM

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DreamWorks Animation stock falls on possible 'Turbo' write-down

Shares of DreamWorks Animation fell more than 7% Monday after analysts said the company could face a write-down after animated film "Turbo" had a disappointing opening weekend at the box office.

Piper Jaffray analyst James Marsh, who has a "neutral" rating on the stock, said the film's poor box office performance could result in a write-down of $30 million to $50 million.

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