PLANO, Texas (AP) — PLANO, Texas (AP) — Cinemark Holdings Inc. (CNK) on Thursday reported first-quarter earnings of $24.8 million.
On a per-share basis, the Plano, Texas-based company said it had net income of 19 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The movie theater owner posted revenue of $579.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $558.2 million.
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