Reading (RDI) Misses Q1 EPS by 17c, Revenues Miss

Reading (NASDAQ: RDI) reported Q1 EPS of ($0.09), $0.17 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $61.6 million versus the consensus estimate of $65.27 million.

Ellen Cotter, Chair, President and Chief Executive Officer, said, “We anticipated that when compared to the first quarter of 2018 the Black Panther box office would be tough to match. However, the recent blockbuster success of Avengers: Endgame again re-affirms our confidence in the cinema industry and we look forward to that box office momentum continuing through 2019.

“Also, we are pleased with the progress we have made on our 44 Union Square project – the historic Tammany Hall in New York City and believe this signature project, when completed, will unlock the long term value in this one-time theatre property.”

For earnings history and earnings-related data on Reading (RDI) click here.

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