SAN FRANCISCO (Thomson Financial) - Carmike Cinemas Inc. shares slid
Wednesday after the Columbus, Ga.-based company reported third-quarter net
income of $1.98 million, or 16 cents a share, well below the mean estimate of 37
cents a share of analysts polled by Thomson Financial.
In the same period last year, Carmike posted a loss of 8 cents a share.
Operating income in the quarter was $13.8 million compared with $8.7 million
for the same period in 2006, the company reported Tuesday, while revenue for the
quarter rose to $135.3 million from $130.3 million.
Carmike shares fell 22.4% to $11.90 on volume of 733,000. The stock's 30-day
average volume is 92,000 shares.
Gabriel Madway
gm/jw
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