Cinemark Holdings Inc. (NYSE: CNK) saw its stock price plummet 5.60% during intraday trading on Wednesday. The sharp decline followed the company's release of its fourth-quarter financial results.

The theater chain reported quarterly earnings of $0.16 per share, which missed the analyst consensus estimate of $0.35 by 54.02 percent. This represents a 51.52 percent decrease from earnings of $0.33 per share in the same period last year. Quarterly sales of $776.3 million also fell short of the $793.9 million estimate, marking a 4.67 percent year-over-year decline.

Analysts attributed the weaker results to a disappointing marquee movie slate that drew lower-than-expected ticket sales. Benchmark analyst Mike Hickey noted that the quarter's key film releases underperformed at the box office compared to prior-year holiday successes. Despite what CEO Sean Gamble called a "softer-than-anticipated film slate," the company highlighted achieving box office performance that surpassed industry benchmarks and record concession sales for the full year.