(Corrects revenue figures and also says revenue fell not rose in third paragraph) (Follows alerts)
April 28 (Reuters) - Canadian big-screen movie company Imax Corp posted a first-quarter loss, hurt mainly by lower box office collections on a lack of blockbuster films.
The Toronto-based company posted a loss of $1 million, or 2 cents a share — its first after seven quarter. It had posted a profit of $26.5 million, or 42 cents a share, a year ago on the back the release of “Avatar.”
Revenue in the quarter fell to $45.2 million from $72.8 million.
Excluding one-time items, earnings fell to $2.5 million, or 4 cents a share, from $35.3 million, or 53 cents a share.
That compared to an average expectation among 16 analysts polled by Reuters for earnings of 11 cents a share on revenue of $50.5 million.
The company also said it would expand its senior secured credit facility to up to $110 million, replacing its previous $75 million facility.
Shares of the company closed at C$30.76 on the Toronto Stock Exchange and at $32.3 on the New York Stock Exchange on Wednesday. (Reporting by Maneesha Tiwari in Bangalore; Editing by Joyjeet Das)