National CineMedia (NCMI) reported a fiscal Q1 loss late Tuesday of $0.31 per diluted share, narrowing from the loss of $0.32 a year earlier.

Four analysts polled by FactSet expected a loss of $0.28.

Revenue in the three months ended April 2 fell to $34 million from $34.9 million a year earlier.

Analysts surveyed by FactSet expected $32.9 million.

The company projects Q2 revenue of $57 million to $63 million. Analysts expect $61.1 million.