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National CineMedia Shares Fall On 2Q Outlook

Stock quotes in this article: NCMI  

NEW YORK (AP) — Shares of National CineMedia Inc. fell Wednesday after the seller of in-theater advertising issued second-quarter revenue guidance below analysts' expectations.

National CineMedia shares fell $2.73, or 18.5 percent, to $12 in afternoon trading. The stock has ranged from $4.79 to $20.61 over the past year.

Late Tuesday, the Centennial, Colo.-based company reported a first-quarter profit of 3 cents per share — in line with estimates of analysts polled by Thomson Reuters — and revenue above Wall Street projections. ...

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