10 Stocks Plummet on Wednesday

5. Cinemark Holdings, Inc. (NYSE:CNK)

Shares of Cinemark Holdings, Inc. (NYSE:CNK) declined by 13.58 percent on Wednesday to finish at $28.57 each as investor sentiment was dampened by missed earnings estimates.

In its earnings release, CNK said earnings per share for the fourth quarter of 2024 stood at $0.33, lower by 19 percent than the $0.41 as estimated by analysts.

However, CNK swung to a net income attributable to the company of $51.3 million from a net loss of $18 million in the same period a year earlier, as revenues increased by 27.5 percent to $814.3 million from $638.9 million year-on-year.

For the full year 2024, net income attributable to the company was at $309.7 million, a 64.55-percent surge from a net income of $188.2 million in 2023. Diluted earnings per share last year was $2.06 compared with diluted earnings per share of $1.34 in 2023.