Advertisement
YOU ARE HERE: LAT HomeCollections

Earnings Roundup

Regal

Cinema operator swings to a loss

October 30, 2009|Times Wire Reports

Regal Entertainment Group, the largest U.S. cinema operator, reported a $1.8-million third-quarter loss on falling movie attendance.

The net loss of 1 cent a share contrasts with profit of $31 million, or 20 cents, a year earlier, the Knoxville, Tenn., company said. Sales fell 11% to $673.5 million, missing the $708.2-million average analyst estimate.

Excluding some items, profit in the three months ended Oct. 1 totaled 5 cents a share, compared with analysts' projections of 7 cents on average.

Shares of Regal, which also operates United Artists and Edwards theaters, rose 57 cents to $11.96.

Advertisement
Los Angeles Times Articles
|
|
|