Rank to Sell Deluxe Movie Business After Profit Drop
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Rank Group Plc, a UK distributor of movies for half a century, plans to exit the film industry after losses at its DVD and cinema production business.
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Moviegoers are not following the script written for them by the Hollywood studios. In a sign that big-budget sequels may be losing their allure, North American ticket sales for the first three big films of the lucrative summer season have not kept pace with their respective predecessors.
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Blockbuster Inc. BBI.N on Wednesday  posted a quarterly operating profit well below analysts'  estimates even before $1.5 billion in one-time charges, as it  faced falling movie rental demand and higher costs to counter  competition.
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KNOXVILLE, Tenn. -- Regal Entertainment Group, the country&#39;s largest owner of movie theaters, Tuesday said its profit fell 37 percent in the third quarter, as box office receipts slipped.
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The investment firm posts a strong profit report, but shares slid.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) on Wednesday posted a quarterly operating profit well below analysts&#39; estimates even before $1.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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The casino operator posts a drop in earnings amid construction.
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Shares of Accredo Health Inc. ACDO.O  sank in trade before the opening bell after the provider of  pharmacy and treatment services for patients with chronic  illnesses slashed its fiscal 2005 profit forecast.
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Regal Entertainment Group, the country's largest owner of movie theaters, Tuesday said its profit fell 37 percent in the third quarter, as box office receipts slipped.
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Have weak first-quarter earnings pulled the plug on this party?
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Profits take a plunge, but the stock price is stable.
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AUSTIN - The stock of Allied Waste Industries Inc. fell Tuesday after the waste hauler cut its 2004 profit outlook for the second time in as many months.
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Blockbuster Inc. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to a charge, while  profit from its operations slid due to higher marketing costs,  falling rental demand and escalating competition.
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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Shares in car rental group Avis Europe drop 12% after it reports a slide in profits and warns that earnings will remain under pressure.
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Weak market, poor performance of key titles but takeover talks still on