Recap: Cinemark Q1 Earnings

Shares of Cinemark Hldgs CNK were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 232.14% over the past year to ($0.51), which missed the estimate of ($0.18).

Revenue of $543,616,000 decreased by 23.94% from the same period last year, which missed the estimate of $556,570,000.

Outlook

Cinemark hasn't issued any earnings guidance for the time being.

Cinemark hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jun 03, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/cnk/mediaframe/38462/indexl.html

Price Action

52-week high: $41.60

52-week low: $5.71

Price action over last quarter: down 44.58%

Company Profile

Cinemark Holdings is the third- largest motion picture exhibitor in the United States. The company operates 4,568 screens in 37 states and 12 Latin American countries. Cinemark generates nearly $2 billion in revenue--approximately 60% from admissions, 30% from concessions, and 10% from other sources, such as in-lobby video games. Most of Cinemark's theaters are located in midsize cities or suburbs of large cities.