Marcus Q2 Results Rise, But Miss Estimates

(RTTNews) - Marcus Corp. (MCS), a company which operates Theatres, and Hotels and Resorts, reported Thursday that its second-quarter net earnings attributable to the company were $10.12 million, an 8.4% increase from last year's $9.34 million.

Earnings per share were $0.36, 5.9% higher than $0.34 last year. On average, three analysts polled by Thomson Reuters expected earnings of $0.37 per share. Analysts' estimates typically exclude special items.

Total revenues for the second quarter increased 13.2 percent to $152.78 million from $134.98 million a year ago. Analysts expected revenues of $158.43 million.

Operating income was $18.74 million, a 2.6% increase from $18.26 last year.

Marcus Theatres reported a 22.7% increase in revenues and a 14.9% increase in operating income.

Marcus Hotels & Resorts' revenue per available room or RevPAR for comparable company-owned properties decreased 1.5%.