Regal Entertainment Shares Pop After Company Beats On Q1 Profit, Revenue

Regal Entertainment Group shares popped as much as 6.7% in after-hours trade Thursday after it beat on profit and revenue for the first quarter. The theater operator said net income rose to $40.7 million, or 26 cents per share, compared with $23 million, or 15 cents during the same period a year ago. Adjusted earnings for the quarter was 27 cents per share, just above the FactSet consensus of 26 cents. The company said revenue hit $787.1 million, coming in above last year's $691.3 million and the FactSet consensus of $771.0 million.