Cinemark Holdings (CNK) Misses Q4 EPS by 21c, Revenues Miss

Cinemark Holdings (NYSE: CNK) reported Q4 EPS of $0.22, $0.21 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $788.8 million versus the consensus estimate of $799.04 million.

“We are extremely pleased to report our fifth consecutive year of record global revenues, as well as our fifth consecutive annual dividend increase,” stated Mark Zoradi, Cinemark’s Chief Executive Officer. “Continued benefits derived from our strategic initiatives enabled us to surpass North American industry box office results by 200 bps in 2019, and our consistent financial strength gave our Board of Directors confidence to approve an $0.08 increase to our dividend to $1.44 per annum, which has now grown 33% over the past five years.”

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

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