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Imax Stock Advancing After Q3 Results Beat Projections

NEW YORK (TheStreet) -- Shares of Imax (IMAX) were sharply higher on heavy trading volume late Thursday afternoon after the company reported better-than-expected results for the 2016 third quarter.

Before today's opening bell, the Ontario, Canada-based entertainment technology company posted adjusted earnings of 12 cents per diluted share on revenue of $86.6 million.

Analysts surveyed by FactSet had projected earnings of 8 cents per share on revenue of $73.3 million.

"From a box office perspective, we were encouraged by...


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