Cinemark Holdings, Inc.(CNK), a motion picture exhibition business, on Friday announced that its first quarter came in at loss compared with profit last year.
Shares of Cinemark are decreasing by 3% in the pre-market trading.
For the first quarter, net loss attributable to the company was $38.9 million compared to profit of $24.8 million last year.
Loss per share for the quarter was $0.32, while it was earnings per share of $24.8 in the previous year.
Revenue declined to $540.7 million from $579.2 million last year.
In the pre-market trading, Cinemark is 3.71% lesser at $28.78 on the New York Stock Exchange.
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