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RLJ Entertainment Inc Issues FY 2012 Guidance Below Analysts' Estimates


Friday, 18 Jan 2013 07:30am EST 

RLJ Entertainment Inc announced that for fiscal 2012, it expects to report proforma net revenues between $180-$185 million and EBITDA (excluding certain one-time costs and transaction expenses and including the full year impact of identified and quantified synergies) between $28-$30 million. The lower proforma EBITDA is due to the shortfall of the Company's legacy Image Entertainment revenues but was partially offset by higher publishing and film licensing income generated by the ACL unit within Acorn. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $222 million and EBITDA of $37 million for fiscal 2012. 

Company Quote

2.15
-0.08 -3.59%
19 Dec 2014