CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — National CineMedia Inc. (NCMI) on Tuesday reported a loss of $10.7 million in its second quarter.
The Centennial, Colorado-based company said it had a loss of 11 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 11 cents per share.
The theater advertising company posted revenue of $51.8 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $55 million.
For the current quarter ending in September, National CineMedia said it expects revenue in the range of $62 million to $67 million.
_____
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