North Bergen, New Jersey 3/19/2010 12:18:14 AM
News / Business

Avatar assists Marcus Corp’s nearly Doubling Profits.

Marcus Corp has impressive Third Quarter with Strong Revenues and rising Profits.

Marcus Corp. (NYSE:MCS) double its fiscal third-quarter net income, the company said. Marcus Corp. trades on the “New York Stock Exchange” under the stock symbol “MCS”. For the Latest information regarding “MCS”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

 

 

Join today and be part of the best free investment newsletter on the web where we focus on market moving news.

 

Powerful box office receipts at its theaters fueled by such hits as "Avatar" helped Marcus Corp. (NYSE:MCS) double its fiscal third-quarter net income, the company said Thursday.

Theater revenues were strong enough to overcome a decline in its hotel business, which still suffered from the effects of the economic slowdown.

Also boosting results was $2.7 million in gift card income that Marcus recognized in the quarter after changing its estimate of deferred gift card revenue.

In the quarter, Marcus earned $3.2 million, or 11 cents per share, compared with $1.7 million, or 6 cents per share, in the same quarter a year earlier.

 

 

You can contact us during market hours at 1-888-9-ClubGrand (1888-925-8247) or via email at staff@wallstreetgrand.com.

 

 

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

 

 

Disclaimer:

 

Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer clicks the link http://www.wallstreetgrand.com/disclosure.html.