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IMAX revenues increased significantly

Giant movie screen company sees a big second quarter coming, thanks to “The Jungle Book,” “Captain America”

IMAX’s revenue growth this past quarter was as large as its screens are. The company unveiled first-quarter 2016 financials early Thursday morning, reporting a 48 percent year-over-year sales increase, thanks primarily to strong box office figures. IMAX hauled in $92.1 million at its top line, up nearly $30 million from Q1 2015’s $62.1 million take. In doing so, IMAX blew away Wall Street’s sales figure for the most recent three-month period — thanks, “Deadpool” and “Batman v Superman!”. Media analysts had predicted earnings per share (EPS) of 15 cents on $83.67 million in revenue, per Yahoo Finance. IMAX revealed an adjusted EPS of 22 cents — up a whopping 214 percent from the comparable 90-day period — while basic and diluted net income per share was 14 cents.