Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

DreamWorks Animation Drops on ‘Guardians’ Sales Shortfall

DreamWorks Animation SKG Inc. fell the most in almost four months after Caris & Co. downgraded the stock over “shockingly low” returns from the studio’s latest film, “Rise of The Guardians.”

The shares tumbled 5.2 percent to $17.11 at the close in New York, the steepest one-day drop since Aug. 1. The stock, which declined for the third-straight day, has gained 3.1 percent this year.

“Guardians” collected $32.6 million in U.S. and Canadian theaters over the extended five-day Thanksgiving weekend, according to Hollywood.com Box-Office, coming in fourth place in its debut. David Miller, a Caris analyst, said the total could force Glendale, California-based DreamWorks Animation to write down its investment in the movie.

Miller downgraded the stock to a below-average rating, the equivalent of sell, from a neutral rating. He also cut his 2013 earnings estimate for the company to 90 cents from $1.15 a share and his price target for the stock to $15 from $20.

“Guardians” ranked behind “The Twilight Saga: Breaking Dawn - Part 2,” “Skyfall” and “Lincoln.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.