CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — National CineMedia Inc. (NCMI) on Monday reported a loss of $8.7 million in its second quarter.
On a per-share basis, the Centennial, Colorado-based company said it had a loss of 9 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The theater advertising company posted revenue of $54.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $49.9 million.
For the current quarter ending in September, National CineMedia said it expects revenue in the range of $56 million to $58 million.
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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
