Cinemark Holdings (CNK) Misses Q2 EPS by 6c, Revenues Miss

Cinemark Holdings (NYSE: CNK) reported Q2 EPS of $0.70, $0.06 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $889 million versus the consensus estimate of $891.26 million.

Mark Zoradi, Cinemark’s Chief Executive Officer, stated, “We are thrilled to have delivered multiple records across all revenue categories, net income, and Adjusted EBITDA. I commend our Cinemark team for capitalizing on second quarter film content strength and continuing to advance our strategic initiatives to achieve these results. Given the all-time high box office that the North American industry celebrated in the second quarter and first half of the year, we remain bullish on full-year 2018 box office potential, while our enthusiasm for the 2019 film slate continues to grow.”

For earnings history and earnings-related data on Cinemark Holdings (CNK) click here.

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