12:27 PM EDT, 05/02/2024 (MT Newswires) -- Cinemark Holdings ( CNK ) shares rose 0.2% in recent Thursday trading, paring earlier gains, after the company reported a surprise Q1 profit as revenue declined less than expected.

Earnings were $0.19 per diluted share, compared with a loss of $0.03 a year earlier, the company said Thursday.

Analysts polled by Capital IQ expected a loss of $0.22.

Revenue in the quarter ended March 31 fell to $579.2 million from $610.7 million a year earlier. Analysts surveyed by Capital IQ expected $562.5 million.

Price: 17.46, Change: +0.03, Percent Change: +0.17