Earnings Overload: We Dissect the Quarterly Results at United Rentals, IMAX, and 3 Other Companies

IMAX Corporation Beats Estimates, Ups Installs Guidance

IMAX Corporation (USA) (NYSE:IMAX) shares have surged by 12% Thursday after the company beat analysts’ estimates with its second quarter results. IMAX posted EPS of $0.18, better than the estimated $0.17, while revenue for the quarter was $91.7 million, topping the consensus estimate of $86.7 million. IMAX CEO Richard L. Gelfond said in a statement that IMAX’s demand remained robust in the quarter, which resulted in more installs and a record backlog. IMAX has also raised its installation guidance for 2016 to 155 theatres from previous guidance of 135-to-140 theatres. Charles Clough’s Clough Capital Partners is the biggest stakeholder of IMAX Corporation (USA) (NYSE:IMAX) in our database as of March 31, owning 1.36 million shares.

Raymond James Financial Posts Strong Third Quarter

Raymond James Financial, Inc. (NYSE:RJF)’s shares are slightly in the green after the company posted impressive fiscal third quarter results. The St. Petersburg, Florida-based company reported EPS of $0.93 for the quarter, beating estimates by $0.03. Revenue of $1.36 billion also surpassed analysts’ consensus expectation of $1.32 billion. Raymond James’ CEO Paul Reilly said in a statement that all the segments of the company produced “record revenues” during the quarter. Mr. Reilly said that the company expects growth to increase, aided by new records achieved for client and financial assets. Ken Fisher’s Fisher Asset Management owns approximately 1.59 million shares of Raymond James Financial, Inc. (NYSE:RJF) as of the end of June.

Select Comfort Misses Revenue Estimates

Select Comfort Corp. (NASDAQ:SCSS) is in the spotlight today after the company posted second quarter earnings on Wednesday afternoon. The Sleep Number bedmaker’s EPS of $0.03 beat analysts’ consensus estimate of $0.01, but $277 million in revenue fell short of the consensus estimate of $283.55 million. The company also reiterated its full year guidance of $1.25-to-$1.45 per share, and said that it was increasing its share buyback program by $300 million. Shares have tumbled by nearly 6% in light of the results. At the end of the first quarter, 13 hedge funds in our database were bullish on Select Comfort Corp. (NASDAQ:SCSS).

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