Cinemark: 3Q Earnings Snapshot
PLANO, Texas (AP) _ Cinemark Holdings Inc. (CNK) on Friday reported third-quarter profit of $50.2 million.
The Plano, Texas-based company said it had net income of 43 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The movie theater owner posted revenue of $754.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $733.6 million.
Cinemark shares have increased 21 percent since the beginning of the year. The stock has risen 19 percent in the last 12 months.