Cinemark Reports Mixed Q4 Results, Restores Shareholder Dividend In Post-Covid Milestone

Movie theater owner Cinemark reported mixed fourth-quarter results, missing Wall Street forecasts for earnings per share but posting better-than-expected revenue. Earnings of 33 cents a share on a diluted basis represented an improvement from the year-ago period, which saw a loss of 15 cents a share. Analysts’ consensus outlook was for earnings of 41 cents. Revenue increased 28% from a year ago to hit $814.3 million, well ahead of analysts’ expectations. The quarter saw particularly strong box office for f ...