August 6, 2012 / 12:15 PM / 5 years ago

Cinemark's quarterly results beat estimates

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Aug 3 (Reuters) - Motion picture exhibitor Cinemark Holdings Inc's quarterly results beat analysts' estimates, helped by higher admissions and concession revenues.

Net income rose to $51.6 million, or 45 cents per share, in the second quarter, from $40.4 million, or 35 cents per share, a year earlier.

Quarterly revenue rose 5 percent to $649.6 million.

Sales from admissions rose about 3 percent to $418.1 million, while those from concession rose 6 percent to $201.4 million.

Analysts on average had expected earnings of 37 cents per share, on revenue of $630.7 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $24.05 on the New York Stock Exchange on Friday.

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