Stock Market Alert: IMAX tanked on Thursday, trading down almost 30% to close the regular session at $3.38 after the company reported Q3 earnings that fell well below expectations. Volume was extremely high on the session, with over 5.2 million shares of the stock changing hands, compared to a normal daily average volume of 847k shares traded. IMAX said that it lost 30 cents per share on Q3 on sales of 20.7 million dollars. Analysts do not seem positive on the company, with BMO Capital Markets citing the Q3 results as a “fundamental disaster.”
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