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Pixar reports favorable second-quarter earnings

Pixar today reported a second-quarter profit of US$10.4 million, or $0.20 per share, compared to $8.8 million, or $0.17 per share, last year. Analysts had expected earnings of $0.11 per share. Revenues were up to $22.8 million for the quarter from $16.7 million the previous year. “Pixar is firing on all cylinders,” CEO Steve Jobs said in a statement. “Our results this quarter reflect the outstanding performance of Monsters, Inc., which is poised to continue with its domestic home video release next month, and earnings from our growing film library, which continues to outperform our expectations.”

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