SHARES OF THEATER CHAINS NOSEDIVE
Shares of the nation’s largest theater chains have plunged along with ticket sales in the fourth quarter as analysts revised their earnings estimates for the chains after the chains themselves reported revenue declines for the first three quarters — that is, even before the dreadful holiday season. The Hollywood Reporter observed today (Friday) that attendance […]
CARMIKE THEATER CHAIN REPORTS BIG LOSS
May 4, 2010 by admin · Leave a Comment
It may be charging more at the concession counters and raking in additional income from 3D screenings, but the Carmike Cinema chain, the fourth-largest movie theater company, nevertheless reported a first-quarter loss of $3.5 million compared with a $3.9 million loss in the same quarter a year ago. In a statement, Carmike chief David Passman […]
