Marcus Q3 Profit Up 47.9%, Beats View - Quick Facts

(RTTNews) - Marcus Corp. (MCS) Thursday reported third-quarter net earnings attributable to the company of $16.23 million, up 47.9 percent from $10.98 million a year ago. On a per share basis, earnings rose to $0.56 from $0.39 in the prior year.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.47 per share. Analysts' estimates usually exclude special items.

Revenue for the quarter increased 5.1 percent to $170.60 million from $162.38 million in the same quarter a year ago. Wall Street was looking for revenue of $163.87 million.

Marcus also noted that net earnings continued to benefit from a lower income tax rate, particularly during the third quarter when results were favorably impacted by additional one-time tax benefits.

Gregory Marcus, president and CEO of Marcus Corp. said, "In what historically is a strong quarter, the team at Marcus Hotels & Resorts did not disappoint, delivering record revenue and operating income. Marcus Theatres reported record revenues and had yet another very profitable quarter, although its operating income was impacted by several one-time costs and a film mix that contributed to slightly higher film costs."