Cinemark: 4Q Earnings Snapshot
PLANO, Texas (AP) _ Cinemark Holdings Inc. (CNK) on Friday reported a fourth-quarter loss of $239.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Plano, Texas-based company said it had a loss of $2.03.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.46 per share.
The movie theater owner posted revenue of $98.2 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $72.6 million.
For the year, the company reported a loss of $617.9 million, or $5.25 per share, swinging to a loss in the period. Revenue was reported as $686.3 million.
Cinemark shares have increased 31% since the beginning of the year. The stock has decreased 16% in the last 12 months.