NEW YORK — A disappointing performance by its "Turbo" film weighed on DreamWorks in the fourth quarter.
The animation studio said Tuesday that it took a charge of $13.5 million, or 12 cents per share, for the movie's performance in November and December. "Turbo" came out in theaters in July and was released on DVD in November. DreamWorks releases just a few movies each year.
Shares of DreamWorks Animation tumbled $2.70, or 7.7 percent, to $32.50 in aftermarket trading.
DreamWorks reported net income of $17.2 million, or 20 cents per share, in the October-December period. The year before it lost $82.7 million, or 98 cents per share, after it took big charges connected to two other movies. Its revenue fell 23 percent, to $204.3 million from $264.7 million.
Glendale, Calif.-based DreamWorks Animation SKG Inc. posted a profit of $55.1 million, or 65 cents per share, in 2013. That compares with a loss of $36.4 million, or 43 cents per share, in 2012. Revenue fell 6 percent to $706.9 million.