Reading International (NASDAQ:RDI) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Reading International (NASDAQ:RDIGet Free Report) posted its quarterly earnings data on Friday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04, Zacks reports. The firm had revenue of $66.90 million for the quarter, compared to the consensus estimate of $63.47 million.

Reading International Stock Performance

RDI traded up $0.15 during midday trading on Friday, reaching $1.61. The company’s stock had a trading volume of 252,320 shares, compared to its average volume of 50,385. The company has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.19. Reading International has a twelve month low of $0.94 and a twelve month high of $1.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reading International in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Read Our Latest Research Report on Reading International

About Reading International

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Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.

See Also

Earnings History for Reading International (NASDAQ:RDI)

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