Cinemark Holdings (CNK) reported Q1 2024 sales of $579.20M, beating analyst consensus of $560.38M. EPS of $0.19 beat consensus loss of $(0.20). Admissions and concession revenue decreased, but average ticket price and concession revenue per patron held steady. The company has plans to open new theaters and screens over the next two years. It generated $70.7M of adjusted EBITDA and held $788.6M in cash as of March 31, 2024. Despite a 3.81% premarket decrease, CNK stock has gained 4% in the last 12 months.
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the analyst consensus of $560.38 million. EPS of $0.19 beat the analyst consensus loss of $(0.20). Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons. Also Read: Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Office Boost F
Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report) announced a dividend on Monday, September 18th, NASDAQ reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.3777 per share on Friday, September 22nd. The ex-dividend date is Monday, September 18th. Invesco S&P SmallCap Utilities & Communication […]
Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 300 shares, a growth of 50.0% from the May 31st total of 200 shares. Based on an average daily […]
Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 300 shares, an increase of 50.0% from the May 31st total of 200 shares. Based on an average daily volume of 800 […]