IMAX Dips in Second Quarter
Leading entertainment technology provider IMAX Corporation (NASDAQ: IMAX) had a rough day today, dropping 14 percent this morning on the second quarter results the company released after market close yesterday afternoon. For starters, the company's film revenues dropped to $8 million from $11.7 million the previous year. Film dollar margin also dropped, although by a much smaller percent, dipping from $3.8 million to $3.6 million this year. The company's cash and short-term investments dropped as well, falling to $18.5 million from $27.4 million the year before. However, the news wasn't all bad; the company's theater operations revenue rose from $4.1…