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Benzinga
Are Cinema's Finally Bouncing Back? Cinemark's Q1 Profit Paints A Bright Picture
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the analyst consensus of $560.38 million. EPS of $0.19 beat the analyst consensus loss of $(0.20). Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons. Also Read: Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Office Boost F
GuruFocus.com
Cinemark Holdings Inc (CNK) Surpasses Analyst Revenue Forecasts in Q1 2024 Despite Challenges
Delivers Strong Revenue and Net Income Amid Industry Headwinds
Zacks
Cinemark Holdings (CNK) Q1 Earnings and Revenues Surpass Estimates
Cinemark (CNK) delivered earnings and revenue surprises of 190.48% and 3.77%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?