Cinemark Hldgs Q1 2024 GAAP EPS $0.19 Beats $(0.17) Estimate, Sales $579.200M Beat $560.377M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cinemark Holdings (CNK) reported Q1 2024 earnings of $0.19 per share, surpassing the $(0.17) estimate, with sales of $579.2M exceeding the $560.377M forecast. This represents a 5.16% decrease in sales compared to the same period last year.
May 02, 2024 | 10:33 am
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Cinemark Holdings reported a significant earnings beat and a sales beat for Q1 2024, with a slight decrease in sales compared to last year.
The significant beat on both earnings and sales estimates for Q1 2024, despite a year-over-year sales decrease, is likely to be viewed positively by investors. The earnings beat, in particular, suggests operational efficiency and could lead to a short-term positive sentiment towards CNK's stock.
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