National CineMedia (NCMI) Reports Q3 Loss, Tops Revenue Estimates
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National CineMedia (NCMI) reported a Q3 loss of $0.04 per share, slightly worse than the Zacks Consensus Estimate of a $0.03 loss. This is a significant decline from the $0.33 earnings per share reported a year ago. However, the company exceeded revenue expectations.
November 05, 2024 | 11:30 pm
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National CineMedia reported a Q3 loss of $0.04 per share, missing the Zacks Consensus Estimate by $0.01. Despite the earnings miss, the company exceeded revenue expectations.
The earnings miss, albeit slight, is a negative indicator for investors, likely leading to a short-term decline in stock price. However, the revenue beat may mitigate some negative sentiment.
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