PLANO, Texas (AP) — PLANO, Texas (AP) — Cinemark Holdings Inc. (CNK) on Friday reported second-quarter net income of $93.5 million.
On a per-share basis, the Plano, Texas-based company said it had net income of 63 cents.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The movie theater owner posted revenue of $940.5 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $947.6 million.
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