By Nicholas G. Miller
Cinemark reported lower profit and sales in the third quarter, which analysts say featured a weaker slate of movie releases, but increased its dividend and authorized a new share repurchase program.
The movie theater company posted net income of $50.5 million, or 40 cents a share attributable to the company, down from $188.9 million, or $1.19 a share attributable to the company, the year prior. Analysts expected 48 cents a share, according to FactSet.
Sales fell 7% to $857.5 million. Wall Street expected $841.4 million.
Benchmark analyst Mike Hickey said in a note last month the third quarter lacked significant blockbuster movies, which weighed on sales especially in comparison to the year prior, which featured a strong slate of releases.
The company said its board authorized a new $300 million share repurchase program and a 12.5% increase of the company's quarterly dividend to 9 cents a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
November 05, 2025 06:47 ET (11:47 GMT)
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