--Adjusted Q2 EPS beat estimates by $0.02
--Beat Q2 revenue estimates by 5%
--Quarterly dividend still intact
--Theater attendance Y-o-Y is up 17%

However.....

--Lowered second half revenue guidance by 4%
--Second half adjusted EPS is estimated to be between $0.36 to $0.42 or $0.10 to $0.04 lower than current estimates
--2009 adjusted EPS is projected to be approximately 6% lower than current estimates
--Advertising revenue per attendee is declining

NCMI is only 6% off its 52-week high. Can't see it busting through $15.79 anytime soon with this outlook.