Cinemark: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 06:44 AM ET
Last Updated - Aug 02, 2024, 06:44 AM EDT
PLANO, Texas (AP) — PLANO, Texas (AP) — Cinemark Holdings Inc. (CNK) on Friday reported second-quarter profit of $45.8 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 32 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The movie theater owner posted revenue of $734.2 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $693.2 million.
