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National CineMedia beats Street 4Q forecasts

CENTENNIAL, Colo. (AP) _ National CineMedia Inc. (NCMI) on Thursday reported fourth-quarter net income of $14.7 million.

On a per-share basis, the Centennial, Colorado-based company said it had profit of 24 cents.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The theater advertising company posted revenue of $142.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $140.6 million.

For the year, the company reported profit of $25.4 million, or 42 cents per share. Revenue was reported as $447.6 million.

National CineMedia expects full-year revenue in the range of $445 million to $465 million.

National CineMedia shares have dropped 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.43, a decline of 17 percent in the last 12 months.

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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

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Keywords: National CineMedia, Earnings Report