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

Reading International (NASDAQ:RDI) released its earnings results on Friday. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04, Zacks reports. The firm had revenue of $66.90 million for the quarter, compared to analyst estimates of $63.47 million.

Reading International Stock Up 10.3%

RDI traded up $0.15 during trading on Friday, reaching $1.61. 252,320 shares of the company’s stock were exchanged, compared to its average volume of 50,385. Reading International has a fifty-two week low of $0.94 and a fifty-two week high of $1.68. The business has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.19.

Analyst Upgrades and Downgrades

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

About Reading International

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.