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DreamWorks Posts Profit

|Includes: Dreamworks Animation SKG Inc (DWA)

Originally published at www.seclive.com

Filing in Focus: DreamWorks 8-K, February 25, 2014

DreamWorks Animation SKG Inc. (NASDAQ:DWA) announced its financial results for the fourth quarter and full fiscal year 2013, posting a profit. The California-based animation studio posted a net loss of $82.7M and $0.98 per share in the year-ago quarter but was able to turn a $17.2M profit and $0.20 earnings per share this quarter. Similarly, for the full fiscal year, earnings were up from a loss of $36.4M and $0.43 per share last year to $55.1M profit and $0.65 per share. The company's new film, Turbo, weighed down results with a $13.5M impairment charge that negatively impacted earnings per share by $0.12. CEO Jeffrey Katzenberg remarked that the company made substantial progress during the fiscal year and is better positioned for long-term success going forward.

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