Cinemark stock surges toward 9-month high after quarterly results beat expectations by wide margins

Cinemark Holdings Inc.’s shares have surged 3.7% toward a nine-month high after the movie theater operator revealed first-quarter results that notably surpassed expectations. Net losses narrowed to $3.1 million, or 3 cents a share, compared to the $74.0 million, or 62 cents a share, in the same period the previous year, beating FactSet’s loss consensus […]