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National CineMedia (NASDAQ: NCMI ) stock is taking off on Tuesday following news of AMC Entertainment (NYSE: AMC ) taking a stake in the movie theater business. According to a filing with the Securities Exchange Commission (SEC), AMC has acquired a passive stake in NCMI stock.
Shares of National CineMedia Inc. NCMI, -0.37% more than doubled in very active trading, after AMC Entertainment Holdings Inc. AMC, +6.94% disclosed that it has taken a large stake in the cinema advertising platform. AMC said late Monday that it owned 16.58 million National CineMedia shares, or 9.1% of the shares outstanding.
National CineMedia said today it's negotiated a second extension of the grace period on interest payments originally due Feb. 15. A one-month grace period for a payment said to be about $6.6 million ended March 15, when the company announced lenders had agreed to another 17 days.
Movie theaters have continued to struggle post-COVID, as many consumers have gotten used to streaming films in their own home, and now may only go out to the theater to watch big-budget action films.
National CineMedia, Inc. (NASDAQ:NCMI ) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET Corporate Participants Dan Dorenkamp - Finance Director Tom Lesinski - Chief Executive Officer Ronnie Ng - Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Jim Goss - Barrington Research Operator Good day, and welcome to the National CineMedia, Inc. Q3 2022 Earnings Conference Call.
National CineMedia (NCMI) delivered earnings and revenue surprises of -8.33% and 0.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
The nation's biggest cinema advertising network National CineMedia saw revenue rise and losses narrow last quarter as executives cited brisk sales of movie theater ads and insisted that it's business as usual fo now, even as part owner and major client Regal is swept up in bankruptcy.
Publicly-traded in-theater advertising network National CineMedia may be delisted from the Nasdaq stock market if its share price doesn't perk up.
National CineMedia, Inc. (NASDAQ:NCMI ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Dan Dorenkamp - Finance Director Tom Lesinski - Chief Executive Officer Ronnie Ng - Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Securities Jim Goss - Barrington Research Operator Good day, and welcome to the National CineMedia, Inc. Q2 2022 Earnings Conference Call.
National CineMedia (NCMI) delivered earnings and revenue surprises of 83.33% and 2.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?