Cinemark Stock Rises as Earnings Smash Expectations as Moviegoers Return

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The movie-theater chain posted third-quarter earnings of 61 cents a share, while Wall Street called for 41 cents. Attendance rose 27.9% to 61.9 million.

Shares of Cinemark were gaining after the movie-theater chain turned in better-than-expected quarterly earnings and sales.

Cinemark posted third-quarter earnings of 61 cents a share, soaring past Wall Street’s call for 41 cents. In the same quarter last year, the company reported a loss of 20 cents a share. Revenue was $874.8 million, beating the consensus analysts’ forecast of $845.6 million and above the $650.4 million recorded the year prior. Attendance rose 27.9% to 61.9 million moviegoers, while the average ticket price jumped to $7.17 from $6.71 a year earlier.

“As we assess the fundamental drivers of our industry’s and company’s long-term health and prosperity—particularly consumer behavior trends, key indicators for new release volume recovery over time, and the significant range of incremental revenue and productivity opportunities that are fully within our control—we remain highly optimistic about the future,” said CEO Sean Gamble in the earnings release.Write to Emily Dattilo at emily.dattilo@dowjones.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Qualcomm's stock rises after chip maker's earnings top viewsFiscal first-quarter outlook comes in above expectations
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Paramount stock rises after strong earnings report, adding to blockbuster dayThe media conglomerate reported a 38% increase in revenue and 63 million subscribers on Paramount+.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Cinemark stock rises toward 5th-straight gain after earnings beat, boosted by a record July box officeTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

BT rises after quarterly earnings beat forecastsBT Group, Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Starbucks’ stock soars 7% after earnings crush estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Eli Lilly Stock Slumps as Earnings Guidance Slashed DramaticallyLilly slashes its guidance for full-year earnings to a range of $6.50 to $6.70 a share, having raised its outlook in August to a range of $9.70 to $9.90.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »