National CineMedia Posts Mixed Quarterly Results
The in-theater ad company lost 2 cents a share, a penny more that expected, but revenue exceeded expectations.
In-theater advertising company National CineMedia on Thursday posted fiscal first-quarter results that beat the expectations of analysts on the top line though not on the bottom.
Revenue rose 4 percent to $82.2 million, with $73.7 million coming from advertising sales. Revenue from Fathom Events, its unit that hosts special shows in movie theaters, decreased 34 percent to $8.5 million.
National CineMedia reported losing $1 million during the quarter, compared with a loss of $900,000 in the same quarter a year ago
The company said it will pay a first-quarter cash dividend of 22 cents per share to its stockholders.
The company offered current-quarter guidance of up to $122 million in revenue and its full-year forecast is for as much as $465 million.
In 2012, about 710 million patrons saw movies shown on the 19,300 screens where National CineMedia delivers advertising.
On a per-share basis, National CineMedia lost two cents, a penny more than analysts were expecting. As for revenue, the results bear the expectations of analysts by about $2 million.
Shares of National CineMedia closed 3 percent higher Thursday to $15.98 and were unchanged in after-hours trading.