Multimedia posted a net income of $ 29.5 million (77 cents a share), for the first quarter, compared to a net profit of $ 10.4 million (28 cents) in the same quarter last year.

The results include a $ 14.3 million (37 cents) one-time gain from an accounting adjustment and an after-tax gain of about $ 1.4 million from the sale of the company’s mobile video production unit.

Revenues were up 14.2% to $ 144 million from $ 126 million in the comparable period.

Want Entertainment News First? Sign up for Variety Alerts and Newsletters!
Post A Comment 0