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Jun 25, 2020
National CineMedia Q2 2020 Earnings Report
Announced a decrease in revenue and a net loss due to the COVID-19 pandemic.
Key Takeaways
National CineMedia Inc. reported a significant decrease in revenue for Q2 2020 due to the COVID-19 pandemic which caused theater closures. The company experienced a 96.4% decrease in revenue compared to the same quarter last year, resulting in a net loss. However, the company has taken measures to preserve cash and ensure liquidity during this period.
Total revenue decreased 96.4% to $4.0 million compared to $110.2 million for the same quarter last year.
Operating loss increased 163.1% to a loss of $23.8 million.
Net loss for the second quarter of 2020 was $13.8 million, or $0.18 per diluted share.
The Company announced a quarterly cash dividend of $0.07 per share of common stock.
Forward Guidance
Due to unprecedented market conditions related to the COVID-19 pandemic, the Company is not providing updated guidance for the fiscal year ending December 31, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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