Market News / Story
B. Riley boosts estimates on IMAX on box office strength
Seeking Alpha ·
Seeking Alpha reports: B. Riley Securities raised estimates on IMAX once again after analyzing the movie slate for the third quarter. Analyst Drew Crum highlighted that box office outperformance in September for The Odyssey, which eclipsed $534M globally across IMAX's circuit through the month, as well as strong numbers for Resident Evil and Avengers Endgame: Encore warrant the upward revision. The firm's updated estimates include AEBITDA of $95M, which represents +80% growth on a record…