Cinedigm Digital Cinema Q4 Loss Narrows

(RTTNews) - Cinedigm Digital Cinema Corp. (CIDM) posted fourth-quarter net loss attributable to common stockholders of $3.4 million or $0.05 per share, narrower than $16.6 million or $0.34 per share in the comparable quarter last year.

Loss from continuing operations narrowed to $0.5 million or $0.01 per share from $16.1 million or $0.33 per share in the prior year quarter.

On average, three analysts polled by Thomson Reuters expected the company to earn $0.01 per share. Analysts' estimates typically exclude special items.

Revenues for the latest fourth quarter rose 61% to $31.66 million from $19.64 million last year. Analysts expected revenues of $35.65 million for the quarter.