“Home” wasn’t quite as inviting as initial estimates suggested.
It still goes in the “win” column for DreamWorks Animation, which had been bracing for a debut in the $30 million to $35 million range. Overseas numbers were better than expected, coming in at $25.4 million, higher than the $24 million that the studio initially reported.
Wall Street seemed impressed by the performance. DreamWorks Animation’s shares closed at $24.17, up 6.57%. Analysts predict that the film could launch a new franchise — welcome news for a studio that’s endured months of flops like “Turbo” and “Mr. Peabody and Sherman,” as well as layoffs and writedowns.
The weekend’s other major new release, “Get Hard,” also came in lower than expected, generating $33.8 million instead of the $34.6 million that Warner Bros. estimated it would rack up.