Cinemark’s Box Office Buzz: Strong Sales Growth But Bottomline Falls Short In Q4

Cinemark Holdings Inc (NYSE:CNK) reported fourth-quarter FY23 sales growth of 6.5% year-on-year to $638.9 million, beating the analyst consensus of $619.7 million.

Net loss attributable to Cinemark narrowed to $(18.0) million from $(99.3) million a year ago. EPS loss of $(0.15) missed the analyst consensus loss of $(0.13).

Related: Cinemark Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Admissions revenue increased 5.8% to $322.4 …

Full story available on Benzinga.com