Revenue Update on Carmike Cinemas(NASDAQ:CKEC)

Carmike Cinemas(NASDAQ:CKEC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $204.67M. Analysts estimated a revenue of $214.72M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.24.

Carmike Cinemas (CKEC) shares turned negative on Mondays trading session with the shares closing down -0.14 points or -0.45% at a volume of 2,00,111. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.46. The peak price level was also seen at $31.46 while the days lowest was $31.19. Finally the shares closed at $31.24. The 52-week high of the shares is $31.89 while the 52-week low is $18.515. According to the latest information available, the market cap of the company is $762 M.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2015, Daniel E Ellis (SVP, General Counsel & Sec) sold 2,000 shares at $20.30 per share price.Also, On Aug 3, 2015, A Dale Mayo (Pres., Alternative Programming) sold 5,000 shares at $24.56 per share price.On May 18, 2015, Richard B Hare (SVP-Finance, Treasurer and CFO) sold 22,560 shares at $28.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Carmike Cinemas Inc. (Carmike) is a motion picture exhibitor company. The Company owns and operates theatres and screens. In certain locations the Company offers a food and beverage menu including the sale of alcoholic beverages. The Company owns and operates approximately 274 theatres with 2909 screens located in 41 states. In addition it has approximately 257 theatres with 1080 screens (37% of its screens) equipped for three dimension (3-D). The Company operates one family entertainment center under the name Hollywood Connection which features a multiplex theatre and other forms of family entertainment. It also operates two Bogart’s Bar and Grill Restaurants (Bogart’s). Bogart’s is a full service restaurant and bar. As of December 31 2014 the Company operated 45 auditoriums which operate under the Big D IMAX and MuviXL names. The Company sells its tickets at its theatre box offices before the start of a film.

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