Chilly Box Office For "Penguins Of Madagascar" Means More Bad News For Dreamworks Animation
The studio's latest release generated only $36 million at the domestic box office over the four-day Thanksgiving weekend, well below analysts' expectations. The weak opening follows two failed attempts at a sale since September.
Soup Sales Improve
Campbell Soup reported better-than-expected quarterly results Tuesday after soup sales rose for only the second time in the last 15 months, bucking pressure for premium and store brand soups. The company reported a 4% increase in revenue to $2.26 billion and a 36% gain in net income to $234 million, or 74 cents per share.
Netflix Loses About $7 Billion In Value After Missing Subscriber Targets
Netflix stock plummeted by about $115 per share after reporting third-quarter results that missed expectations. It also followed an announcement earlier in the day that HBO Go will be available to people without a pay-TV subscription starting next year.