Reading (RDI) Reports Q2 EPS of $0.13

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Go back to Reading (RDI) Reports Q2 EPS of $0.13

Reading International Announces Second Quarter 2016 Results

August 9, 2016 6:00 AM EDT

Earnings Webcast Scheduled to Post on Corporate Website at 2:00 p.m. Pacific Time, Wednesday, August 10, 2016

LOS ANGELES--(BUSINESS WIRE)-- Reading International, Inc. (NASDAQ: RDI) today announced results for the quarter and six months ended June 30, 2016.

Consolidated revenues for the second quarter decreased by 8%, or $5.9 million, to $66.9 million and net income decreased by 82%, or $13.1 million, to $2.9 million. EPS for the quarter ended June 30, 2016 decreased by $0.56 to $0.13 from the prior-year quarter. Our Q2 2015 Net Income and EPS benefited from an $8.0 million gain on sale of our Moonee Ponds property in... More