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/.
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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.
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