Despite being the best-selling home video title of the year so far, "The Incredibles" hasn't hit high-flying sales expectations. The updated earnings guidance provided yesterday by Pixar calls for lower net income for the current quarter. The five-cent change from 15 to 10 cents per share means a loss of $6 million USD.
Those reserves cover returns of unsold copies of ""The only reason $6 million is material enough is this is a low-revenue quarter," Jobs said. "If that was last quarter where we earned 67 cents -- 20 cents higher than expected -- a $6 million issue would not have warranted an update at all. We would have only beaten our guidance by 15 percent instead of 20 percent."
David Utter is a staff writer for murdok covering technology and business. Email him
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