You will be redirected back to your article in seconds

Carmike net jumps in 1st qtr.

Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier.

But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes.

Net income before the accounting change was $ 869,000, or 11 cents per share, up 18% from last year.

Revenues for the quarter ended March 31 rose 22% to $ 42.97 million vs. the first quarter last year.

“The first quarter is traditionally our slowest period of the year and our financial results are in line with expectations,” Carmike president and CEO Michael Patrick said. He added that the company is excited by summer motion pictures “Cliffhanger,””The Last Action Hero” and “Jurassic Park.”

More Biz

  • Peak TV Saturation TV Placeholder

    Broadcaster Gray Television Sets $3.6 Billion Deal to Buy Raycom Media

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • Heather Locklear arrested

    Heather Locklear Arrested, Charged With Assaulting Officer

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • Xiaomi

    Chinese Smartphone Giant Xiaomi Aims for $6.1 Billion Hong Kong IPO

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • Jamie FoxxBET Awards, Show, Los Angeles,

    2018 BET Awards: Kendrick Lamar Wins Big at Youth-Centered Show

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • Variety.com Traffic January

    Variety Wins 12 SoCal Journalism Awards Including Best Website

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • Kendrick Lamar

    2018 BET Awards Complete Winners List

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

  • SAG-AFTRA Hit With Class Action Suit

    SAG-AFTRA Hit With Class Action Suit Over Streaming Music Service Fees

    Carmike Cinemas Tuesday reported first-quarter net income of $ 1.26 million, or 16 cents per share, a 71% increase from a year earlier. But the company noted that net-income figures reflect the cumulative effect of a change in the method of accounting for income taxes. Net income before the accounting change was $ 869,000, or […]

More From Our Brands

Access exclusive content