CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — National CineMedia Inc. (NCMI) on Tuesday reported a loss of $28.6 million in its first quarter.
The Centennial, Colorado-based company said it had a loss of 31 cents per share. Losses, adjusted for non-recurring costs, were 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The theater advertising company posted revenue of $34 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $33.1 million.
For the current quarter ending in June, National CineMedia said it expects revenue in the range of $57 million to $63 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
