National CineMedia: 2Q Earnings Snapshot
CENTENNIAL, Colo. (AP) _ National CineMedia Inc. (NCMI) on Monday reported second-quarter earnings of $4.2 million.
On a per-share basis, the Centennial, Colorado-based company said it had net income of 5 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The theater advertising company posted revenue of $113.7 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $110.5 million.
National CineMedia expects full-year revenue in the range of $430 million to $450 million.
National CineMedia shares have climbed 23 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.46, a climb of 23 percent in the last 12 months.