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Wall Street gives RealD some relief

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The picture brightened somewhat for RealD Inc., the Beverly Hills based 3-D equipment supplier, which saw an 11% jump in its share price after it reported better-than-expected financial results.

RealD on Wednesday recorded a $2.8-million profit, or 0.05 cents per share, in its third fiscal quarter ended Dec. 31 -- a considerable improvement over the $16.6-million loss from a year ago. Revenue in the quarter was $49 million, down 15% from the same time a year ago, reflecting slower ticket sales from such 3-D movies as ‘Hugo,’ ‘Happy Feet Two,’ and ‘Arthur Christmas.’

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Still, the company pulled in more revenue than the $42 million analysts were expecting, triggering a modest rally in the company’s share price, which has plummeted in the last year amid disappointing 3-D ticket sales. RealD’s stock closed Wednesday at $9.74, up 11% for the day, but still well below the company’s 52-week high of $35.60.

‘Prudent management of operating expenses enabled RealD to maintain profitability during the third fiscal quarter despite a relatively muted 3-D film slate,’ said Michael V. Lewis, chairman and chief executive of RealD.

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-- Richard Verrier

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