Cinemark Holdings Q3 Profit Drops, Misses View - Quick Facts

(RTTNews) - Texas-based movie theatre owner Cinemark Holdings Inc. (CNK) Thursday reported a plunge in its third-quarter earnings to $38.1 million or $0.33 per share from $80.0 million or $0.69 per share last year.

On average, 18 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.35 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues for the period declined to $646.9 million from $757.6 million a year ago, while analysts expected it to be $655.10 million.

During the three months, attendance decreased to 66.2 million patrons, average ticket price increased 2.9 percent to $6.09 and concession revenues per patron increased 6.7 percent to $3.19.