DreamWorks Animation Stock Surges a Day After Earnings

Shares of DreamWorks Animation surged 17 percent on Wednesday, a day after the company reported healthy quarterly earnings despite the disappointing box office generated by its racing-snail movie, Turbo. The stock gained amid differing opinions from Wall Street analysts. Vasily Karasyov of Sterne Agee, for example, reiterated his "underperform" rating Wednesday while Tony Wible of Janney Capital Markets reiterated a "buy" ranking. Wible was impressed that Rise of the Guardians, a movie that caused Dwa to take an $87 million charge eight months ago due to a weak box-office performance, contributed $42.4 million to the third quarter because of pay TV.

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