Business up for Regal
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.