WASHINGTON (dpa-AFX) - DreamWorks Animation SKG Inc. (DWA) Wednesday said its first-quarter profit increased to $9.1 million or $0.11 per share from $8.8 million or $0.10 per share in the same period last year. First-quarter profit was driven primarily by Puss In Boots' continued success at the international box office and the solid performance from its home video release to date.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share for the first quarter. Analysts' estimates typically exclude one-time items.
First-quarter revenues increased to $136.1 million from $108.0 million last year. Analysts' expected revenues of $133.52 million for the quarter.
Puss In Boots, which has grossed approximately $554 million in worldwide box office to date, contributed $73.6 million of revenue to the quarter, driven primarily by home entertainment and international box office. Kung-fu Panda 2, the company's summer release, also contributed $14.1 million of revenue, helped by home entertainment. Other films which contributed to the company's revenue include Megamind and Shrek Forever After.
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