SAN FRANCISCO (Thomson Financial) - National CineMedia Inc. late Thursday
reported fourth-quarter adjusted earnings of $8.2 million, or 19 cents a share,
in line with the mean estimate of analysts polled by Thomson Financial.
During the year earlier, adjusted earnings were $6.9 million, or 16 cents a
share.
On a net basis, the Centennial, Colo.-based company swung to a profit of
$8.2 million, or 19 cents a share. Last year, the net loss was $700,000.
National CineMedia is the managing member and owner of 44.8% of National
CineMedia LLC, or NCM LLC, the operator of the a digital in-theater network.
The company noted it completed its initial public offering of stock and NCM
LLC completed its debt financing on Feb. 13, 2007. Historical
results prior to the IPO are not comparable to the post-IPO results.
Revenue for the three months ended Dec. 27 rose to $94.5 million from $74.1
million in the comparable period last year. Analysts were looking for revenue of
$91.3 million.
The company's stock closed the regular session up 11 cents at $22.23.
Katherine Hunt
kh
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|