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LEAWOOD, Kan. - On Monday, AMC Entertainment Holdings, Inc. (NYSE:AMC) reported better-than-expected second quarter results, with the movie theater chain posting breakeven earnings compared to analyst expectations of a loss.
The company’s shares surged 5.80% in pre-market trading following the announcement.
The world’s largest movie exhibition company reported second quarter earnings per share of $0.00, significantly better than the analyst estimate of -$0.09. Revenue for the quarter came in at $1.4 billion, surpassing the consensus estimate of $1.31 billion.
The stock’s nearly 6% jump reflects investor optimism about the company’s ability to outperform expectations despite ongoing challenges in the theater industry. The revenue figure represents continued recovery in the exhibition business as moviegoers return to theaters.
AMC operates approximately 860 theaters with 9,700 screens globally, making it the largest movie exhibition company in the United States and Europe. The company has focused on enhancing the theater experience through premium seating, improved food and beverage options, and loyalty programs to attract audiences back to cinemas.
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