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Pixar Cuts Second Quarter Financial Outlook

by on July 1, 2005
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Pixar Animation Studios on Thursday cut its second quarter outlook to approximately $0.10 per diluted share, down from its earlier estimate of $0.15 per diluted share, citing an increase in its reserves for potential returns after reviewing home video sales data for The Incredibles, PR Newswire reports. This equates to roughly a $6 million difference in net income.

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