logo
Share SHARE
FONT-SIZE Plus   Neg

Regal Entertainment Profit Surges

Regal Entertainment Group (RGC) 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 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
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT