AMC Stock Rallies After Per-Share Results, Revenue Beat Expectations As Attendance and Per-Patron Revenue Climbs

Dow Jones2023-08-08

Shares of AMC Entertainment Holdings Inc. rallied 1.4% in premarket trading Tuesday, after the movie theater operator reported second-quarter results that beat expectations, amid a 12% increase in attendance and higher per-guest spending, which “far exceeded pre-pandemic norms.”

The company swung to net income of $8.6 million, or 1 cent a share, from a loss of $121.6 million, or 12 cents a share, in the year-ago period.

Excluding nonrecurring items, AMC broke even on an adjusted per-share basis, beating the FactSet consensus for a per-share loss of 4 cents.

Revenue grew 15.6% to $1.35 billion, above the FactSet consensus of $1.29 billion, as attendance rose 12.2% to $66.37 million, average ticket increased 1.8% to $11.21 and food and beverage revenue per patron climbed 9.7% to $7.36.

The stock has dropped 13.2% over the past three months through Monday while the S&P 500 has gained 9.2%.

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Ramtin
2023-08-08
Ramtin
Anybody knows why US market is falling?

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Excluding nonrecurring items, AMC broke even on an adjusted per-share basis,","content":"<html><head></head><body><p>Shares of AMC Entertainment Holdings Inc. rallied 1.4% in premarket trading Tuesday, after the movie theater operator reported second-quarter results that beat expectations, amid a 12% increase in attendance and higher per-guest spending, which “far exceeded pre-pandemic norms.” </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d7dfb06e0ebdb21e642c9e5a5e0fe5a\" tg-width=\"855\" tg-height=\"616\"/></p><p>The company swung to net income of $8.6 million, or 1 cent a share, from a loss of $121.6 million, or 12 cents a share, in the year-ago period. </p><p>Excluding nonrecurring items, AMC broke even on an adjusted per-share basis, beating the FactSet consensus for a per-share loss of 4 cents. </p><p>Revenue grew 15.6% to $1.35 billion, above the FactSet consensus of $1.29 billion, as attendance rose 12.2% to $66.37 million, average ticket increased 1.8% to $11.21 and food and beverage revenue per patron climbed 9.7% to $7.36. </p><p>The stock has dropped 13.2% over the past three months through Monday while the S&amp;P 500 has gained 9.2%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Excluding nonrecurring items, AMC broke even on an adjusted per-share basis, beating the FactSet consensus for a per-share loss of 4 cents. Revenue grew 15.6% to $1.35 billion, above the FactSet consensus of $1.29 billion, as attendance rose 12.2% to $66.37 million, average ticket increased 1.8% to $11.21 and food and beverage revenue per patron climbed 9.7% to $7.36. The stock has dropped 13.2% over the past three months through Monday while the S&P 500 has gained 9.2%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134238768"}