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Article: CKX, Inc. Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 6, 2009
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Conference Call Scheduled to Discuss Results
NEW YORK -- CKX, Inc. (NASDAQ: CKXE) today reported financial results for its third quarter and nine months ended September 30, 2009.
For the three months ended September 30, 2009, revenue declined to $87.4 million from $97.0 million for the comparable period in 2008. Operating income before depreciation, amortization and non-cash stock compensation ("OIBDAN") declined to $16.4 million from $28.9 million in 2008. The 2009 results include an unfavorable swing of $3.9 million in non-cash foreign exchange gains as compared to 2008. Operating income in 2009 declined to $11.0 million from $22.7 million in 2008.
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