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Marcus Slips To Loss In Q4
(RTTNews) - Marcus Corp. (MCS) reported on Thursday a net loss attributable to the company of $9.32 million or $0.30 per share for the fourth quarter, compared to net income of $6.44 million or $0.18 per share in the prior-year quarter.
Total revenues for the quarter decreased 3.6 percent to $162.75 million from $169.05 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenues of $155.26 million for the quarter. Analysts' estimates typically exclude special items.
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Marcus Q4 Net Loss Sharply Narrows
Marcus Corp. (MCS) reported on Thursday that net loss attributable to the company for the fourth quarter sharply narrowed to $1.44 million or $0.05 per share from $9.32 million or $0.30 per share in the prior-year quarter.
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Hang Seng May Breach 27,000-Point Level
The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.
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Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, with weakness is financial, energy and technology stocks partially offset by gains in mining stocks.
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China Shares May Find Traction On Thursday
The China stock market has moved lower in two straight sessions, sinking almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Thursday.
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Australia Jobless Rate Falls To 4.3% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in October, the Australian Bureau of Statistics said on Thursday.
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Mild Upside Seen For Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,950-point plateau and it may tick higher again on Thursday.
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U.S. Dollar Falls Against Franc, Canadian Dollar
The U.S. dollar fell against the Swiss franc and the Canadian dollar in the New York session on Wednesday.
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Win Streak May Continue For Singapore Stock Market
The Singapore stock market has finished higher in back-to-back sessions, gathering more than 80 points or 1.8 percent along the way. The Straits Times Index now sits just beneath the 4,570-point plateau and it's expected to bounce higher again on Thursday.
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