NEW YORK (TheStreet) -- Regal Entertainment Group (RGC) reported better than expected financial results for the 2015 third quarter.

The theater operator reported adjusted earnings of 18 cents per share on $725 million in revenue for the quarter ended September 30.

Analysts had estimated for earnings of 14 cents per share on $716.32 million in revenue for the latest quarter.

Revenue from admissions reached $469.9 million for the quarter, while concessions revenue totaled $214.7 million.

"We are pleased that our ongoing concession initiatives have generated above-average growth in concession sales per patron for the fifth consecutive quarter," CEO Amy Miles said in a statement. "With a number of highly anticipated releases scheduled for the upcoming holiday box office season, we remain optimistic about the potential for box office success for the remainder of 2015 and early 2016."

Additionally, Regal Entertainment's board approved a cash dividend of 22 cents per share, payable on December 15.

Regal Entertainment stock closed down by 2.66% to $18.64 on Tuesday afternoon.

Separately, TheStreet Ratings team rates REGAL ENTERTAINMENT GROUP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate REGAL ENTERTAINMENT GROUP (RGC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

You can view the full analysis from the report here: RGC

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