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
Hard Rock Hotel & Casino Las Vegas, owned by Hard Rock Hotel Holdings, LLC, joins the long list of hotels whose payment-card data were hacked of late. Hard Rock on Monday said its investigation identified unauthorized access to the resort's customer payment-card data, after malware was placed on the payment-card system. The U.S. chain of theme restaurants, plans to open a high-end hotel in London. Gambling resorts operator Wynn Resorts Ltd. (WYNN), has again postponed the opening of its Wynn Palace casino resort in Macau to August. The opening of the $4 billion hotel project in Macau, the gambling hub in China, was initially planned on March 25, but was later dropped due to construction delays.... PepsiCo Inc., (PEP) Monday confirmed that it would bring back the Diet Pepsi with aspartame in the US stores in September, one of the latest efforts by the beverage giant to boost its slowing sales. The company said it would continue to sell sucralose-sweetened Diet Pepsi, which was launched last...
comments powered by Disqus
Follow RTT