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DreamWorks Ani Q4 isn't looking so flush
February 28, 2007 Profits were "Flushed Away" by DreamWorks Animation during its fourth quarter, but the company's financial results managed to float by the best expectations of Wall Street. DWA reported a $21.3 million loss in the fourth quarter compared with a $63.2 million profit in the same frame a year ago, when "Madagascar" DVD sales were strong and a one-time tax benefit hit the books. Executives were optimistic during a conference call with analysts, suggesting that the weak market for DVDs a few years ago that sent DWA shares reeling has now recovered.
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