National CineMedia: Q2 Earnings Snapshot

August 8, 2022 GMT

CENTENNIAL, Colo. (AP) _ National CineMedia Inc. (NCMI) on Monday reported a loss of $700,000 in its second quarter.

On a per-share basis, the Centennial, Colorado-based company said it had a loss of 1 cent.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The theater advertising company posted revenue of $67.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $65.7 million.

For the current quarter ending in October, National CineMedia said it expects revenue in the range of $53 million to $57 million.

The company expects full-year revenue in the range of $265 million to $285 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCMI at https://www.zacks.com/ap/NCMI