Pixar reports earnings higher than anticipated
by Peter Cohen, email@example.com
February 8, 2002 12:30 pm ET
Pixar Animation Studios, Steve Jobs’ other company, has announced its financial results for its fourth quarter and fiscal year 2001, which ended on December 29. Pixar earned US$13 million for the quarter on revenues of $26.1 million, with net income of $36.2 million on revenues of $70.2 million for the year.
The numbers are lower compared to Pixar’s fiscal year 2000, when it generated earnings of $35.2 million for the quarter on revenues of $75.7 million, and earnings of $78.4 million for the year on $172.3 million in revenue. They’re considerably higher than what Pixar posted for its third quarter, however. And with earnings of $0.25 per share, Pixar’s results were dramatically higher than the $0.18 some Wall Street analysts expected.
How long before we see a Monster Inc. ride…Anyone have a guess on DVD?