SAN FRANCISCO (Thomson Financial) - Carmike Cinemans Inc. late Monday
reported a first-quarter net loss of $4.34 million, or 34 cents a share, in line
with the mean 34-cent loss estimate of analysts polled by Thomson Reuters.
During the year earlier, the net loss was $3.74 million, or 30 cents a
share, the Columbus, Ga.-based motion picture exhibitor said.
Revenue for the three months ended March 31 rose to $117.8 million from
$109.3 million last year. Analysts were looking for revenue of $112 million.
Carmike said it continues to evaluate its portfolio of theaters for
potential closure when a lease term is nearing expiration, a theater is
underperforming, or there is an opportunity to sell assets and better deploy the
invested capital.
The company's stock closed the regular session up 16 cents, or 1.9%, at
$8.44.
Katherine Hunt
kh
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