Marcus Q4 Net Loss Sharply Narrows
(RTTNews) - Marcus Corp. (MCS) reported on Thursday that net loss attributable to the company for the fourth quarter sharply narrowed to $1.44 million or $0.05 per share from $9.32 million or $0.30 per share in the prior-year quarter.
Total revenues for the quarter edged down 0.9 percent to $161.53 million from $162.95 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenues of $154.50 million for the quarter. Analysts' estimates typically exclude special items.
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Marcus Slips To Loss In Q4
Marcus Corp. (MCS) reported on Thursday a net loss attributable to the company of $9.32 million or $0.30 per share for the fourth quarter, compared to net income of $6.44 million or $0.18 per share in the prior-year quarter.
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European stocks were broadly lower on Monday while the euro strengthened amid optimism over German election results.
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