Imax Falls After Saying ‘Disappointing’ Film Lineup Cut Profit

Imax Corp., the operator of giant-screen movie theaters, dropped the most in almost three years after saying its “disappointing film performance” was partly responsible for a plunge in second-quarter profit.

Imax, based in Mississauga, Ontario, fell as much as $4.66, or 19 percent, to $19.76 in New York Stock Exchange composite trading, the biggest one-day drop since October 2008. The shares were down 15 percent to $20.80 at 2:44 p.m.