PLANO, Texas (AP) — PLANO, Texas (AP) — Cinemark Holdings Inc. (CNK) on Friday reported a loss of $3.1 million in its first quarter.
The Plano, Texas-based company said it had a loss of 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The movie theater owner posted revenue of $610.7 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $571.5 million.
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