Cinemark Holdings Inc (NYSE:CNK) reported its results for the third quarter. Cinemark Holdings is a holding company, together with its subsidiaries, is engaged in the motion picture exhibition industry with theatres in the U.S., Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and Colombia.

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Cinemark Holdings Inc Earnings Cheat Sheet for the Third Quarter

Results: Net income for the movie production company rose to $46.9 million (41 cents per share) vs. $33.3 million (29 cents per share) in the same quarter a year earlier. This marks a rise of 40.8% from the year earlier quarter.

Revenue: Rose 14.2% to $640 million from the year earlier quarter.

Actual vs. Wall St. Expectations: CNK fell in line with the mean analyst estimate of 41 cents per share. It beat the average revenue estimate of $617.2 million.

Quoting Management: “Cinemark achieved all-time record quarterly performance for the 2011 third quarter, reporting our best-ever quarterly worldwide revenue, attendance and Adjusted EBITDA,” stated Cinemark Holdings, Inc.’s Chief Executive Officer Alan Stock. “The 2011 third quarter was the highest-grossing North American box office period in history, which marks the second quarter in a row that the industry has set a record for box office performance. We are proud to have again extended Cinemark’s box office outperformance streak, as Cinemark’s domestic quarterly box office has now exceeded North American industry box office for twelve consecutive quarters and our international segment admissions revenue again outpaced our industry-leading domestic operations for the thirteenth consecutive quarter on a constant dollar basis.”

Key Stats:

The company fell in line with estimates last quarter after missing forecasts in the previous quarter with net income of 38 cents versus a mean estimate of net income of 41 cents per share.

The company’s revenue has now risen for two straight quarters. In the second quarter, revenue increased 15.1% to $620.6 million from the year earlier quarter.

The company has now seen net income rise in two straight quarters. In the second quarter, net income rose 1.8% from the year earlier.

Looking Forward: Expectations for the company’s next quarter results are lower than they have been. Over the past sixty days, the average estimate for fourth quarter has fallen from 38 cents per share to 37 cents. For the fiscal year, the average estimate has moved down from $1.40 a share to $1.37 over the last ninety days.

Competitors to Watch: Regal Entertainment Group (NYSE:RGC), Carmike Cinemas, Inc. (NASDAQ:CKEC), The Marcus Corporation (NYSE:MCS), Netflix (NASDAQ:NFLX), Amazon.com (NASDAQ:AMZN) and Reading Intl., Inc. (NASDAQ:RDI).

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(Source: Xignite Financials)

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