Cinemark stock slips after wider-than-expected loss, while revenue jumps 12-fold to top forecasts

Published Nov 05 2021 at 9:56 AM GMT
  • Shares of Cinemark Holdings Inc fell 2 1% in premarket trading Friday, after the movie theater chain reported a wider-than-expected third-quarter loss although revenue topped forecasts, as a beat in concessions revenue offset a miss in admissions.
  • The net loss narrowed to $77.8 million, or 65 cents a share, from $147.
  • 6 million, or $1.25 a share, in the year-ago period.
  • The FactSet consensus for per-share losses was 59 cents.
  • Revenue rose more than 12-fold, to $434.8 million from $35.



  • Published Nov 5, 2021 9:56 AM GMT