NEW YORK (TheStreet) -- Shares of Marcus Corp. (MCS) stock closed up 6.58% today after the operator of movie theaters, hotels and resorts today reported that third-quarter revenues ending February 27, 2014, increased 17% to $109.85 million, a 17.3% increase from revenues of $93.67 million for the third quarter of fiscal 2013.
Operating income was $5.66 million for the third quarter of fiscal 2014, compared to an operating loss of $224,000 for the third quarter of fiscal 2013.
Net earnings were $4.07 million for the third quarter of fiscal 2014, compared to a net loss of $1.37 million for the third quarter of fiscal 2013.
Net earnings per diluted common share were 15 cents for the third quarter of fiscal 2014, compared to a net loss per diluted common share 5 cents for the third quarter of fiscal 2013.
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TheStreet Ratings team rates MARCUS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARCUS CORP (MCS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."