Business up for Regal

posted by Michael Zoldessy on February 24, 2009 at 7:37 am

Shares might have been down but business was up for Regal in the final quarter of the year.

On Thursday, Regal Entertainment Group reported that fourth-quarter earnings soared 30.0%, due to a boost in admissions and concessions revenue and an extra week in the calendar year between Christmas and New Years.

Still, adjusted earnings missed expectations by 6 cents a share. Regal’s shares sank 8.7%, or 91 cents, to $9.39, in afternoon trading. Its shares have tumbled 43.7% in the last six months.

Read more at Forbes.

Comments (1)

Giles on February 26, 2009 at 8:30 am

maybe now they could restart that promised nationwide DLP conversion of more theatres in their chain.

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