AMC offers Q4 guidance with revenue ahead of consensus but a wider-than-expected loss

Tiger Newspress2022-02-01

AMC Entertainment Inc.  offered guidance for the fourth quarter on Tuesday, with revenue ahead of consensus but a net loss range that is wider than expected.

The company expects revenue of about $1.172 billion, up from 162.5 million in the year-earlier quarter. The FactSet consensus is for revenue of $1.093 billion. But the cinema-chain operator expects its net loss to range from $194.8 million to $114.8 million, compared with a loss of $946.1 million a year ago and a consensus of $119 million.

The loss includes non-cash impairment charges of $50 million to $125 million on long lived assets. Operating cash burn is expected to total about $216.5 million. The company ended the quarter and year with $1.8 billion in liquidity. Shares were up 1.7% premarket and have gained 20.8% in the last 12 months, while the S&P 500 SPX, +1.89% has gained 19.7%.

AMC shares rose nearly 5% in premarket trading.

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Comments

  • SanWangtikup
    2022-02-02
    SanWangtikup
    Good 
  • HENRYCSC
    2022-02-02
    HENRYCSC
    Noted 
  • koolgal
    2022-02-02
    koolgal
    There is a lot of strong support for AMC by their investors affectionately called The Apes! Go AMC! 🚀🚀🚀🌙🌙🌙
  • MN27
    2022-02-02
    MN27
    Like pls
  • breAkdaWn
    2022-02-02
    breAkdaWn
    Next stop 25
  • 来人
    2022-02-02
    来人
    Nice
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