Cinemark Holdings gains on Q2 results beat

Cinemark Holdings

04/08/2023 18:25

** Shares of cinema operator Cinemark Holdings Inc  CNK.N 
up 3.4% at $17.9
    **  Posts Q2 EPS of 80 cents vs loss per share of 61 cents a
year earlier; ahead of est. EPS of 55 cents
    ** Q2 total rev of $942.3 mln, up 26.6% YOY; beating est. of
$869.2 mln
    **“The strength of the second quarter’s film lineup,
supplemented with the ongoing benefits we are achieving from our
strategic initiatives, translated into exceptional second
quarter results across our entire global footprint” - Cinemark
CEO Sean Gamble
 ** CNK shares up 108.31% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))