Cinemark Reports Fourth-Quarter Profit, Missing Earnings Estimates

PLANO, Texas - Cinemark Holdings Inc. (CNK) announced a fourth-quarter profit of $51.3 million, translating to earnings of 33 cents per share. These results fell short of analysts' expectations, who had forecast average earnings of 39 cents per share.

Despite missing earnings estimates, Cinemark exceeded revenue expectations by generating $814.3 million in the quarter. This surpassed the $798.2 million projected by analysts.

For the full year, Cinemark reported a profit of $309.7 million, or $2.06 per share, on revenue of $3.05 billion.