Shares of 3-D movie technology provider RealD Inc. skyrocketed to an all-time high Wednesday after the company handily beat Wall Street's expectations for the most recent quarter.

Stifel Nicolaus analyst Benjamin Mogil wrote in a research note Wednesday that with DreamWorks Animation Inc. and Regal both sounding upbeat about 3-D movies in the recent quarter, the big question for RealD's results was the international market potential.

"The company noted that it is seeing growth both in terms of existing operators expanding their 3-D screen penetration, as the U.S. operators are doing, but also some migration from competitors to Real-D coupled with new Asian markets opening to 3-D," the analyst wrote.

Mogil boosted his target price for the stock to $27 from $25 and kept a "Buy" rating on the stock.

RealD's shares soared $4.43, or 20 percent, to $26.64 in early afternoon trading. The stock touched an all-time high of $27.62 earlier in trading. RealD went public in July, with an initial public offering that raised $200 million.

Los Angeles-based RealD said Tuesday afternoon that it narrowed its fiscal second-quarter net loss to $5.1 million, or 12 cents per share. In the same period last year, the company posted a net loss of $5.4 million, or 22 cents per share.

That's better than the 17-cent net loss analysts forecast, according to Thomson Reuters.

Revenue jumped 69 percent to $65.3 million for the period ended Sept. 24 from $38.7 million in the year-ago quarter, beating the $50.8 million analysts predicted.