Movie theater ownerCinemarkreported mixed fourth-quarter results, missing Wall Streetearningsforecasts but posting better-than-expected revenue.
Analysts consensus outlook was for earnings of 41 cents.
The quarter saw particularly strong box office for family movies, includingMoana 2,Wicked,MufasaandSonic 3.
CinemarkScott Olson/Getty Images
Compared with many rival exhibitors, Cinemark has maintained a strong balance sheet with minimal debt.
The Plano, TX-based company also does business in many states where theaters managed to remain open in 2020.
The first quarterly dividend will be payable on March 19 to shareholders of record on March 5.
