Cinemark came back to life in the fourth quarter, surging past Wall Street estimates to post its first quarterly profit since before the coronavirus pandemic. Revenue shot up to $666.7 million from…
came back to life in the fourth quarter, surging past Wall Street estimates to post its first quarterly profit since before the coronavirus pandemic.
Earnings per share came in at 5 cents on a diluted basis, a vast improvement from a loss of $2.03 in the year-ago quarter and well ahead of analysts’ expectation for a loss of 13 cents. Like other theater owners, Cinemark benefited from the return of genuine blockbusters in the quarter, notably. The sequel is now officially the top-grossing film ever released by Cinemark.
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