Shares of National CineMedia (NCMI) tumbled 5.17% in after-hours trading on Tuesday, following the release of the company's disappointing first-quarter financial results. The cinema advertising company's earnings report revealed significant misses on both top and bottom lines, triggering a sell-off among investors.

National CineMedia reported a quarterly adjusted loss of $0.24 per share, falling far short of analysts' expectations of a $0.03 loss per share. This represents a staggering 700% miss and a 26.32% larger loss compared to the same period last year when the company reported a loss of $0.19 per share. Revenue for the quarter came in at $34.90 million, missing the analyst consensus estimate of $63.95 million by 45.43%. This also marks a 6.68% decrease from the $37.40 million in sales reported in the same quarter of the previous year.

Despite the weak Q1 performance, National CineMedia provided guidance for the second quarter, projecting revenue between $56 million and $61 million. This outlook suggests a potential improvement in the company's financial performance in the coming months. However, investors seem to be focusing on the current underperformance, as reflected in the after-hours stock price decline. As the cinema advertising landscape continues to evolve, National CineMedia faces the challenge of adapting to changing market conditions and improving its financial results to regain investor confidence.