National CineMedia: 2Q Earnings Snapshot
CENTENNIAL, Colo. (AP) _ National CineMedia Inc. (NCMI) on Monday reported second-quarter profit of $8.9 million.
The Centennial, Colorado-based company said it had net income of 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The theater advertising company posted revenue of $110.2 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $112.8 million.
National CineMedia shares have climbed roughly 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.92, a fall of 16% in the last 12 months.