Imax shares rally after earnings beat, with more gains from ‘Oppenheimer’ still to come

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Shares of Imax Corp. rallied after hours on Wednesday after the high-end movie-theater operator reported second-quarter results that beat estimates — helped by titles like “Super Mario Bros.” — with more gains likely on the way as theater operators ride blockbusters like “Oppenheimer” through the summer. The results, Imax IMAX, +2.84% executives said, landed as more moviegoers are showing a preference for seeing movies in “premium” theaters following the shutdown of the industry during the pandemic. And they hit after “Oppenheimer,” directed by Christopher Nolan, brought in $35 million for the theater chain across only 740 of its screens worldwide.