Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Regal Entertainment Profit Surges

RELATED NEWS
Trade RGC now with 

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.

Click here to receive FREE breaking news email alerts for Regal Entertainment Group and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.