Cinemark's Q2 Earnings: Revenue And EPS Beat, CEO Highlights Record-Breaking 'Inside Out 2'
Portfolio Pulse from Anusuya Lahiri
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal Q2 2024 revenue of $734.2 million, beating analyst estimates. EPS of $0.32 also surpassed expectations. Despite a decline in admissions and concession revenue, the company highlighted the success of 'Inside Out 2'. CNK shares are trading higher by 7.80% premarket.
August 02, 2024 | 1:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cinemark Holdings Inc (NYSE:CNK) reported better-than-expected Q2 2024 revenue and EPS. Despite a decline in admissions and concession revenue, the success of 'Inside Out 2' contributed to strong performance. CNK shares are trading higher by 7.80% premarket.
Cinemark's Q2 earnings report showed better-than-expected revenue and EPS, driven by the success of 'Inside Out 2'. Despite declines in admissions and concession revenue, the overall positive performance has led to a premarket increase in CNK shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100