Latest in Cinemark Earnings

Executives at Cinemark, the No. 3 U.S. exhibitor, believe they have sufficient cash to last “well into 2021” even if theaters remain closed due to COVID-19. The forecast came during an earnings call with Wall Street analysts Tuesday to discuss second-quarter numbers. Earlier in the morning, company reported…

Major exhibition circuit Cinemark hit an all-time revenue high in the second quarter and blew past Wall Street estimates for earnings thanks to strong box office for titles like Avengers: Endgame. Revenue in the quarter ending June 30 rose nearly 8% to $957.8 million from $889 million in the prior-year period…

Cinemark’s net income plunged 42% on a nearly 8% decline in revenue for the third quarter ending Sept. 30, with the exhibitor blaming the “weak consumer appeal” of Hollywood’s summer slate. Net income of $38.1 million compared with $65.7 million a year ago. Revenue came in at $710.8 million compared to $768.6 million…

Interesting to see how much growth took place at the exhibition chain’s U.S. venues as opposed to Latin America, which is supposed to be its most attractive opportunity. Overall, Cinemark generated net income in Q3 of $80.7M, +68.9% vs the period last year, on revenues of $757.6, +19.6%. Analysts anticipated lower…

Wall Street may have expected a little too much of the exhibition chain for the last three months of 2012. It reports net income of $27.8M, +52.3% vs the end of 2011, on revenues of $611.5M, +14.1%. Pretty good, right? But analysts expected revenues to come in higher, at $616.7M. And a pre-tax loss of $5.6M for early…

Cinemark looked like two different companies in the quarter that ended in September. The part with the U.S. theaters delivered blah results compared to last year, while the Latin American-focused international side was on fire. All together, the company reported net income of nearly $48M, +6.7% vs the period last…

The chain that owns the Aurora, Colorado theater where 12 people were murdered last month just filed a dry financial statement and press release this morning without the usual comments from the CEO about the company and its agenda. And the numbers are solid, following the industry pattern of lower attendance offset by…

The Plano, Texas-based exhibition chain kept in step with the earnings season’s round of better-than-expected results. It generated $772,000 in net income, up 115% vs the same period last year, on revenues of $578.8M, up 6.8%. The revenue figure compared to analysts’ consensus forecast of $572M. And earnings, at 37…

UPDATE, 6:40 AM: CEO Alan Stock made his comment in a conference call with analysts who asked what he’d do if Sony continues with its plan to stop paying for 3D glasses — leaving it to exhibitors to manage the expense. “We think the way the glasses model works in the U.S. is a great way to work it,” he said. He added…

The movie theater chain says its debt-refinancing effort sliced $4.9M from 2Q earnings. As a result Cinemark reported net profits of $40.4M, up 1.8% vs the same period last year, on revenues of $620.6M, up 15.1%. Earnings at 35 cents a share were short of the consensus forecast of 39 cents — but the company beat the…