Regal Entertainment Group’s second quarter earnings report may not be as robust as the first quarter.
So says the Wall Street Cheat Sheet.
The financial media company says domestic second quarter movie ticket sales didn’t live up to expectations and it is lowering revenue estimates for Knoxville-based Regal and other movie exhibitors.
Regal is now expected to report revenue of $729 million for the quarter, down from earlier projections of $762 million.
The Cheat Sheet cut its projected second quarter earnings per share for Regal to 20 cents from 31 cents.