Reuters: DreamWorks Animation SKG reports better-than-expected quarterly results


" DreamWorks Animation SKG Inc reported better-than-expected quarterly results, helped by the worldwide success of its animated film, “The Croods”, sending its shares up 9 percent in after-hours trading.
“The Croods,” which tracks a prehistoric family on a road trip and features the voices of Nicholas Cage and Ryan Reynolds, raked in nearly $479 million worldwide, of which about 66 percent was from international markets.

“The strength of our worldwide box office results from ‘The Croods’ and over-performance in home video from both of our 2012 titles demonstrate success in DreamWorks Animation’s core business so far this year,” Chief Operating Officer Ann Daly said in a statement.

“The Croods” was released on March 22 and contributed $4 million in revenue for the January to March quarter. Most of Dreamworks’ share of theater ticket sales will be recorded in the company’s second quarter."


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