Cinemark Holdings, Inc. (CNK) reported a net loss of $18.0 million for the fourth quarter, a substantial improvement from the previous year's loss of $99.3 million. The loss per share stood at $0.15, compared to a loss per share of $0.82 from the year before. This was slightly higher than the $0.13 loss per share forecasted by the eight analysts surveyed by Thomson Reuters. It's important to note that these predictions usually exclude any extraordinary items.
The total revenue rose by 6.5% to $638.9 million from $599.7 million recorded for the same quarter in the previous year. This exceeded analyst average revenue expectations, which were set at $619.68 million.
