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SCVNews.com | Results are Mixed for Regal Theater Chain | 07-26-2012
Santa Clarita CA
Today in
S.C.V. History
August 18
1946 - Pioneering Placerita Canyon movie producer Trem Carr dies in San Diego [story]
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Regal Entertainment stock moved sideways Thursday when the theater chain’s second-quarter earnings report beat analysts’ expectations by 3 cents per share on profits but came up 1 cent short on revenues.

Regal posted profits of $37.2 million for the quarter ending June 28, up from $34.8 million one year earlier. Meanwhile, total revenues fell to $723.3 million from $753.3 million.

Regal operates 519 theater locations in 37 states and the District of Columbia, including two in Santa Clarita.

Although the shooting last week in Aurora, Colo., did not occur at a Regal theater, Regal CEO Amy Miles made the following statement in her company’s financial report Thursday:

“First and foremost, our thoughts are with those affected by the events that transpired in Colorado last Thursday night. We believe that movie theatres have always been and will continue to be places where friends, families and communities can safely gather together for a few hours of fun and entertainment. We were devastated and heartbroken by the senseless acts that took place in one of those theatres last week, but remain committed to providing a safe and secure environment for our guests.”

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