February 2, 2012 / 3:03 PM / 6 years ago

RealD shares soar as margins boost Q3 profit

Feb 2 (Reuters) - Shares of RealD Inc rose 21 percent a day after the licensor of 3D technologies posted a surprise profit on higher gross margins.

The Los Angeles-based company’s shares, which have lost more than half their value in a year, rose to $11.86 in early morning trade on the Nasdaq. They later pared some gains to trade at $11.48.

Third-quarter net profit was $2.8 million, or 5 cents a share, compared with a net loss of $16.6 million, or 34 cents per share, a year ago.

Gross margins for the company, which competes with Imax Corp , Dolby Laboratories Inc and privately owned Masterimage 3D, jumped to 49 percent from 11 percent a year ago. (Reporting by Siddharth Cavale in Bangalore; Editing by Don Sebastian)

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