Markets

DHX Media Swings To Q2 Loss, Revenue Misses; Plans Reorganization Into Two Subsidiaries

DHX Media ( DHXM ), a children's content and brands company, on Tuesday posted a fiscal Q2 loss of $0.13 per share compared to earnings of $0.06 per share in the same period a year ago. Analysts polled by Capital IQ expected earnings of $0.01 per share.

For the quarter ended Dec. 31, total revenue of $117 million was down from $121.9 million in the same period a year ago and missed the Street projection of $122.4 million.

DHX also said its board has decided to reorganize the company under two subsidiaries, one for its cash-flow generating studios and TV channels and one for its growth-oriented digital and content assets, including WildBrain, distribution, and consumer products.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ETFs

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More