logo
Share SHARE
FONT-SIZE Plus   Neg

Regal Entertainment Profit Surges

Regal Entertainment Group (RGC: Quote) Thursday reported fourth-quarter net income of $37 million or $0.24 per share, compared with $4 million or $0.03 per share last year.

Excluding items, adjusted earnings for the quarter were $0.28 per share, compared with $0.10 per share a year ago.

Revenues for the quarter were $723 million, compared with $614 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.21 per share on revenues of $705.84 million for the quarter. Analysts' estimates typically exclude special items.

"Looking ahead, we are encouraged by the early 2013 box office results and the films scheduled for release in the coming months," the company said.

The company declared a cash entertainment-group.aspx'>dividend of $0.21 per Class A and Class B common share, payable on March 15 to stockholders of record on March 5.

Regal Entertainment Group operates as a motion picture exhibitor and operates a theater circuit in the United States.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade RGC now with 
Follow RTT