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Cinemark's stock slides 1.8% after company posts wider-than-expected Q4 loss
CNKCinemark(CNK) Market Watch·2024-02-16 12:12

Cinemark Holdings Inc.’s stock CNK, +4.88% fell 1.8% early Friday, after the cinema operator’s fourth-quarter loss was wider than expected. Plano, Texas-based Cinemark posted a net loss of 18million,or15centsashare,forthequarter,narrowerthanthelossof18 million, or 15 cents a share, for the quarter, narrower than the loss of 99.3 million, or 82 cents a share, posted in the year-earlier period. Revenue rose 6.5% to 638.9million.TheFactSetconsensuswasforalossof7centsandrevenueof638.9 million. The FactSet consensus was for a loss of 7 cents and revenue of 620.0 million. Cinemark ended the quarter with 5,719 screens across the U ...