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These Analysts Boost Their Forecasts On Cinemark Following Upbeat Earnings

Cinemark Holdings Inc (NYSE:CNK) reported better-than-expected second-quarter financial results on Friday. Cinemark reported a fiscal second-quarter 2024 sales decline of 22.1% year-on-year to $734.2 million, beating the analyst consensus estimate of $691.6 million. EPS of 32 cents beat the analyst consensus estimate of 9 cents. Admissions revenue decreased 23.5% to $365.8 million, and concession revenue declined 21.6% to $292.9 million, driven by a 22.4% decrease in attendance to 50.0 million patrons. "Numerous films across varied genres delivered solid results, including June's record-breaking release of Inside Out 2 – now the biggest animated title of all time – which drove ...