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Analysts were expecting earnings of .50 per share and revenue of .90 billion, according to IBES estimate from Refinitiv. It was not immediately clear if the reported numbers were comparable with the estimate.

And the wild thing about Allen is how the eclectic billionaire tossed his money around the city and beyond, often preserving historic buildings or artifacts — or even a football team that was threatening to move. Cinerama just became another feather in Allen’s arty cap when he bought it in 1998.

Analysts say current headwinds only highlight the necessity of using reforms to shatter institutional shackles and unleash vitality for sustained growth.

An under-constrcution building had also collapsed in the district's Dasna area on June 22, killing two persons and injuring several others, he added.

Analysts attributed this to declines in overseas stock markets.