Cinemark Handily Beats Q3 Earnings Estimates With All-Time High Attendance

By | Thursday November 7, 2013 @ 4:27am PST

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 … Read More »

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Cinemark Delivers Record Revenues In Q4, But Still Misses Expectations

By | Wednesday February 20, 2013 @ 1:34pm PST

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? … Read More »

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Cinemark Beats Q3 Forecasts With Gains At Overseas Theaters

By | Tuesday November 6, 2012 @ 4:55am PST

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 … Read More »

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Cinemark Beats Wall Street’s Q2 Earnings And Revenue Expectations

By | Monday August 6, 2012 @ 4:06am PDT

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 … Read More »

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Cinemark Tops Q1 Earnings Estimates As Admissions And Prices Rise

By | Monday May 7, 2012 @ 4:18am PDT

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 … Read More »

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UPDATE: Cinemark Vows To “Push Back” Against Proposal To Make Theaters Shoulder 3D Glasses Costs

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 that there’s still a lot of time to negotiate before next summer, when Sony wants the change to take place. “I’m pretty confident we can work out a solution,” Stock says. “If we can’t, we’ll have to head in a different direction.” Regarding Universal’s plan, which it canceled, to show Tower Heist on cable VOD just three weeks after opening in theaters, Stock says the studio “thought they had something the exhibitors would comply with.” After Cinemark threatened to boycott the film, “there hasn’t been any further discussion of that particular test, or anything else they’re working on.” Read More »

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Cinemark 2Q Earnings Miss On Early Debt Repayment But Revenues Beat The Street

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 … Read More »

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