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CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — National CineMedia Inc. (NCMI) on Monday reported fourth-quarter net income of $23.7 million.
On a per-share basis, the Centennial, Colorado-based company said it had profit of 24 cents. Earnings, adjusted for non-recurring gains, came to 20 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The theater advertising company posted revenue of $90.9 million in the period.
For the year, the company reported profit of $705.2 million, or $14.34 per share. Revenue was reported as $165.2 million.
For the current quarter ending in March, National CineMedia said it expects revenue in the range of $34.5 million to $35.5 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