National CineMedia, Inc. Reports Results for Fiscal First Quarter 2020
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National CineMedia (NCMI) Misses Q1 EPS by 2c, Revenues Miss
May 5, 2020 5:21 PM EDTNational CineMedia (NASDAQ: NCMI) reported Q1 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $64.7 million versus the consensus estimate of $70.52 million.
Beginning in mid-March 2020, all of the theater circuits in the Company's network announced that their theaters would be temporarily closed to address the COVID-19 pandemic. Several major motion picture releases were delayed until later in 2020 or 2021 and some other studios shortened the release window between the release of motion pictures in theaters and an alternative delivery method or released motion pictures directly to alternative delivery methods... More
