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DreamWorks Animation Beats 4Q 2005 Estimates Despite Drop in Profit

by on March 10, 2006

DreamWorks Animation SKG has just announced its financial results for the fourth quarter of 2005, reporting net income of $63.2 million (or 61 cents per share) on revenues of $172.9 million. These numbers represent a significant drop from 4Q 2004 results ($192 million profit on $495.7 million revenue), but were still significantly higher than Wall Street analyst expectations.

Some facts garnered from the press release reveal that DreamWorks took a charge of $25.1 million for the Oscar winning film Wallace & Gromit: The Curse of the Were-Rabbit, and that the company is in talks with Nickelodeon for possible TGV projects.

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