Cinemark Holdings Swings to Q4 Earnings as Revenue Increases

MT Newswires Live
02-19

Cinemark Holdings (CNK) reported Q4 earnings Wednesday of $0.33 per diluted share, swinging from a $0.15 loss per share a year earlier.

Four analysts polled by FactSet expected earnings of $0.43.

Revenue for the quarter ended Dec. 31 was $814.3 million, compared with $638.9 million a year earlier.

Analysts polled by FactSet expected $795.7 million.

The company said it reinstated an annual cash dividend of $0.32 per share, payable quarterly. The Q1 dividend will be payable on March 19 to shareholders as of March 5.

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