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.
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