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RealD Shares Beat Expectations

RealD licenses 3D stereoscopic technology to motion picture theater chains and others that show 3D content and its shares were up a fraction on Friday June 7, 2013, after the 3D movie technology company late Thursday reported results that beat analyst estimates.

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For its fiscal Q4 ended March 31, the company said it swung to a per-share loss of 9 cents vs. a per-share profit of 10 cents in the year-earlier quarter. But analysts polled by Thomson Reuters had expected a loss of 19 cents a share.

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RealD shares are traded at 15.30$ today, the same level as last month. The stock has found support at its 10-week moving average since October and is up nearly 80% since then.

Source: Investor's Business Daily.