|Bid||11.01 x 800|
|Ask||11.02 x 1200|
|Day's Range||10.37 - 11.68|
|52 Week Range||5.71 - 39.81|
|Beta (5Y Monthly)||1.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 03, 2020 - Nov. 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 05, 2020|
|1y Target Est||16.18|
A federal judge on Friday granted the U.S. government's request to immediately end the Paramount Decrees, a set of antitrust rules from the late 1940s and early 1950s that ended Hollywood's monopoly on producing, distributing and exhibiting movies. U.S. District Judge Analisa Torres in Manhattan said the Department of Justice "offered a reasonable and persuasive explanation" for why terminating the consent decrees would "serve the public interest in free and unfettered competition." Last November, the Justice Department moved to end the decrees enacted after the Supreme Court in 1948 said Hollywood's biggest studios had illegally monopolized the movie distribution and theater industries.
Ladies and gentlemen, thank you for standing by, and welcome to Cinemark's Second Quarter Earnings Conference Call. At this time, I would like to welcome you to Cinemark Holdings, Inc.'s Second Quarter 2020 Earnings Release Conference Call, hosted by Mark Zoradi, Chief Executive Officer; and Sean Gamble, Chief Financial Officer and Chief Operating Officer. Such statements are subject to risks, uncertainties and other factors that may cause Cinemark's actual performance to be materially different from the performance indicated or implied by such statements.
The coronavirus pandemic is changing the way people do many things, from shopping to playing sports. One of the trends that may stick around is home movie streaming. Companies such as Netflix (NASDAQ: NFLX) and Walt Disney (NYSE: DIS) had seen success with their streaming even before COVID-19 kept people at home and out of theaters, but theater closures certainly didn't hurt.