IMAX Leaps 3% After Saying Q1 Box Office To Date Rose to $55 Million

Financial News Network
February 17, 2012 AT 1:41 AM
This morning IMAX (NYSE:IMAX) commented on their website that its first quarter box office through February 12 was approximately $55 million, compared to $38 million in the prior year period. The quarter box office to date was primarily driven by Mission: Impossible: Ghost Protocol, which has grossed $27.5 million in Q1, IMAX said.Shares of IMAX are up 3%, or, to $22.80 in early mid-morning trading.Imax (NASDAQ:IMAX) has potential upside of 11.2% based on a current price of $23.84 and an average consensus analyst price target of $26.5.