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DreamWorks Animation Stock Rises as 'Home' Opening Exceeds Expectations

10 30.03.2015 Инфо

DreamWorks Animation shares rose in early Monday trading after the better-than-expected opening weekend for Home. Analysts said the first weekend performance reduces the risk of a writedown on the movie for the studio led by CEO Jeffrey Katzenberg. As of 10 a.m. ET, the stock was up 8.6 percent at $24.63. Riley analyst Eric Wold wrote: "Opening weekend box office for Home exceeds expectations," adding that the "write-off risk [is] reduced, but not eliminated." Cowen analyst Doug Creutz said: "DWA's Home is estimated to have earned $54 million at the domestic box office in its opening weekend, well above expectations for $30-40 million.