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
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- 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.
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- Published Nov 5, 2021 9:56 AM GMT