Tuesday, GGVeritas (CGV) said its third-quarter net income plunged to $12.2 million from $161.7 million in the prior year period. Earnings per ADS were $0.07, lower than $0.14 in the year-ago period. On average, 2 analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter.
Operating revenue for the quarter dipped to $731.4 million from $1.06 billion in the comparable period. Analysts estimated revenues of $717.80 million for the quarter.
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