Cinemark Swings to $120M Profit on Box Office Recovery

Shares in Cinemark rose in Friday premarket activity after the exhibition giant posted stronger admissions and concessions revenue amid a continuing box office recovery. Cinemark posted a quarterly profit of $120.4 million, compared to a year-earlier loss of $73.4 million, on overall revenue of $942.3 million, against $744.1 million in the second quarter of 2022, […]