Short Squeeze And Earnings: Why IMAX Stock Spiked Thursday
IMAX stock surges 11% after crushing Q2 estimates with $102.8M in revenue, $0.43 EPS, and strong box office momentum.
IMAX did way better than people expected in its latest report—it made more money and profits than analysts thought it would. When a company surprises people with good numbers, the stock price often jumps up, so watch whether IMAX keeps doing well in the coming quarters.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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