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National CineMedia: 3Q Earnings Snapshot

·1 min read

CENTENNIAL, Colo. (AP) _ National CineMedia Inc. (NCMI) on Monday reported a third-quarter loss of $12.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Centennial, Colorado-based company said it had a loss of 16 cents.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The theater advertising company posted revenue of $6 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $8.4 million.

In the final minutes of trading on Monday, the company's shares hit $2.06. A year ago, they were trading at $8.40.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCMI at https://www.zacks.com/ap/NCMI