AMC Entertainment Holdings Inc. shares rose 3.4% in premarket trades Friday, after the movie theater chain and meme stock darling reported...
AMC Entertainment Holdings Inc. AMC shares rose 3.4% in premarket trades Friday, after the movie theater chain and meme stock darling reported better-than-expected first-quarter revenue and adjusted earnings. AMC reported a net loss of $235.5 million, or a net loss of 17 cents a share, compared with a net loss of $337.4 million and a net loss of 33 cents a share in the same period last year.
4 million and a net loss of 33 cents a share in the same period last year. On an adjusted basis, AMC reported a net loss of 13 cents a share, compared with a net loss of 26 cents a share in the same period last year. Analysts surveyed by FactSet were looking for a net loss of 14 cents a share, or a net loss of 16 cents a share on an adjusted basis. The results mark AMC’s 15th straight quarterly loss. AMC reported first-quarter sales of $954.4 million, compared with $785.
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