By Dade Hayes Finance Editor Three Wall Street analysts offered positive sentiments Thursday about the prospects for Cinemark, the No.
3 U.S. exhibitor, after it outlined plans to reopen movie theaters in the midst of the COVID-19 pandemic. Executives’ comments during a conference call with analysts Wednesday included an upbeat outlook for Warner Bros.’ Tenet being released on schedule on July 17, with other studio releases to follow.
Cinemark’s quarterly results fell short of estimates, but the company’s footprint, which doesn’t include many large cities in COVID-hit areas like New York, and its management approach offered some reason for optimism.
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