Revenue Update on Cinemark Holdings(NYSE:CNK)

Cinemark Holdings(NYSE:CNK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $744.40M. Analysts estimated a revenue of $746.05M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.51.

In a different note, On Aug 4, 2016, B. Riley said it Upgrades its rating on Cinemark Holdings. The shares have been rated ‘Buy’ by the firm. On Jun 13, 2016, Credit Suisse said it Assumes its rating on Cinemark Holdings. The shares have been rated ‘Neutral’ by the firm.

Cinemark Holdings (CNK) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.05% at a volume of 5,58,606. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.07. The peak price level was also seen at $38.07 while the days lowest was $37.69. Finally the shares closed at $37.98. The 52-week high of the shares is $39.45 while the 52-week low is $26.56. According to the latest information available, the market cap of the company is $4,414 M.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Valmir Fernandes (Pr – Cinemark International) sold 17,983 shares at $35.78 per share price.Also, On Aug 31, 2015, Timothy Warner (Vice Chairman of the Board) sold 15,676 shares at $35.73 per share price.On Aug 31, 2015, Robert Copple (President & COO) sold 28,250 shares at $36.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Cinemark Holdings Inc. is engaged in the motion picture exhibition business with theatres in the United States Brazil Mexico Argentina Chile Colombia Peru Ecuador Honduras El Salvador Nicaragua Costa Rica Panama Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31 2014 the Company operated 495 theatres and 5676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit including NextGen CineArts Cinemark Bistro Cinemark Reserve and other premium concepts such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31 2014 the Company’s United States circuit had 335 theatres and 4499 screens in 41 states and its international circuit had 160 theatres and 1177 screens.

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