August 2, 2017 / 2:31 PM / 4 months ago

BUZZ-Cineplex Inc: Slumps on Q2 profit, revenue miss

** Canadian movie theatre operator’s shares down 10.3 pct at $44.40

** Stock sinks as much as 16 pct on the TSX, touching a 2-1/2-yr low, worst day in 7-1/2 yrs

** Company, which also runs amusement parks, posts Q2 EPS of 2 Canadian cents vs est of 35 Canadian cents, hurt by higher costs, lower attendance

** Revenue up 7.7 pct to C$364.1 mln, but miss estimates by nearly C$23 mln

** Over 408,000 shares traded, 4.9x 30-day moving avg

** Up to Tuesday’s close, CGX had fallen 2.8 pct YTD

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