Cinemark Q2 Earnings Up - Quick Facts

(RTTNews) - Texas-based movie theatre owner Cinemark Holdings Inc. (CNK) Tuesday reported higher second-quarter profit despite a drop in revenues, as the prior-year results included a large loss on early retirement of debt.

For the three months to June, net earnings increased to $71.73 million or $0.62 per share, from $20.26 million or $0.18 per share a year earlier, when the company recorded a $72.3 million pre-tax charge on early retirement of debt.

On average, nineteen analysts polled by Thomson-Reuters estimated the company's earnings to be $0.48 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA totaled $169.4 million, compared with $178.0 million in the same period last year.

Quarterly revenues declined to $717.9 million, from $725.62 million last year, above the $706.42 million Wall Street expected.

Admission revenues were $455.73 million, down from $464.48 million a year ago.