Regal Entertainment Group (RGC) Tuesday reported first-quarter profit of $22.5 million or $0.14 per share, down from $46.3 million or $0.30 per share in the year-earlier quarter.
Adjusted earnings for the quarter was $0.13 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.13 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues dropped to $642.8 million from $684.9 million last year. Analysts expected revenues of $652.72 million.
Regal's Board of Directors has declared a dividend of $0.21 per Class A and Class B common shares, payable June 14, to stockholders on record June 4.
For comments and feedback: editorial@rttnews.com