DreamWorks Animation SKG said worldwide box-office takings would propel its latest animated movie, “Turbo,” to a profit that few analysts had expected, sending its shares up 6 percent after the bell.
Despite a slow start at US theaters, “Turbo” performed well worldwide and was expected to be profitable, DreamWorks chief Jeffrey Katzenberg said.
The studio reported a near-doubling in second-quarter profit due to the global success of its animated hit “The Croods.”
In the second quarter, DreamWorks’ net income surged 73 percent to $22.2 million, or 26 cents per share, from $12.8 million, or 15 cents per share, a year earlier.
Revenue rose 31 percent to $213.4 million. “The Croods” contributed about a third of the total.
DreamWorks shares, which have risen about 26 percent in the last three months, traded at $26.16 after the bell, having closed at $24.76.

