Bona Film Group (BONA)
One company making big profits via making must-see movies is Bona Film Group (BONA).
The company just released its Q3 earnings, which showed a 42.3% year-over-year boost in net revenue and a 45.8% surge in Q3 gross profit. EPS for the quarter came in at 5 cents, well above the 2 cents per share earned in the same quarter last year. Although both revenue and EPS were just slightly below expectations, the stock hasn’t slowed a bit.
Year-to-date, BONA shares are up more than 30%, and that ride is likely to continue as more Chinese head to the movies.