Marcus Corp. Q1 Earnings Down, Miss Estimates - Quick Facts

(RTTNews) - Marcus Corp. (MCS), an operator of theatres and resorts, Thursday reported first-quarter earnings which decreased, as theatre revenues declined due to a lower number of summer blockbusters and family movies. Earnings also missed analysts' estimates, while revenue topped them.

For the 3-month period, net earnings declined to $12.43 million or $0.45 per share, from $13.43 million or $0.50 per share a year earlier.

Analysts polled by Thomson-Reuters had a consensus earnings estimate of $0.50. Analysts' estimates typically exclude one-time items.

Quarterly revenues were $131.77 million, up slightly from $129.03 million last year, above the $129.27 million Wall Street expected.

In the hotels and resorts division, the company recorded a 6.5 percent growth in revenue per available room, or RevPAR, for comparable company-owned hotels.