Pixar Animation Studios, the computer animation company behind films like “The Incredibles,” reported a lower profit for the second quarter, but met analyst expectations.
Pixar, based in Emeryville, Calif., had net income of $12.7 million, or 10 cents per share, compared to $37.4 million, or 32 cents per share, in the same quarter last year.
Analysts surveyed by Thomson Financial had expected earnings of 10 cents a share.
Revenue was $26.4 million, down from $66.3 million in the same period last year.
“We’re very pleased with the overall performance of ’The Incredibles,’ which is by far the highest-selling DVD in 2005,” Pixar CEO Steve Jobs said in a statement. “Cars is almost completed and is looking fantastic, and we have no doubt that it will be one of our best films to date.”