Why Cinemark (CNK) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Cinemark Holdings  (CNK) are up 3.25% to $35.96 on heavy trading volume after the company earlier reported second earnings of 62 cents per share, beating the Thomson Reuters consensus estimate of 48 cents.

Cinemark reported revenue of $717.90 million for the quarter, compared to the consensus estimate of $706.42 million.

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TheStreet Ratings team rates CINEMARK HOLDINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate CINEMARK HOLDINGS INC (CNK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."

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