Benzinga | Aug 4, 2020 07:15AM EDT

Recap: Cinemark Q2 Earnings

Shares of Cinemark Hldgs (NYSE:CNK) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 247.67% over the past year to ($1.27), which beat the estimate of ($1.60).

Revenue of $8,974,000 declined by 99.06% year over year, which missed the estimate of $11,530,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Cinemark Hldgs hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 04, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/cnk/mediaframe/39967/indexl.html

Recent Stock Performance

52-week high: $41.60

52-week low: $5.71

Price action over last quarter: down 30.02%

Company Overview

Cinemark Holdings is the third- largest motion picture exhibitor in the United States. The company operates 4,568 screens in 37 states and 12 Latin American countries. Cinemark generates nearly $2 billion in revenue--approximately 60% from admissions, 30% from concessions, and 10% from other sources, such as in-lobby video games. Most of Cinemark's theaters are located in midsize cities or suburbs of large cities.