AMC Shares Were Up Nearly 3% in Premarket Trading

Tiger Newspress2022-05-10

AMC Shares Were Up Nearly 3% in Premarket Trading.

AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of big-ticket films such as "The Batman" drew crowds to movie halls, driving a surge in box-office collections at the theater chain.

After its business was hammered by the pandemic for much of last year, AMC is slowly turning a corner, as a steady stream of new releases such as "Scream" and "Uncharted" attracted 39,000 moviegoers to its theaters in the first quarter, compared with 6,797 a year earlier.

Revenue at the company, which became one of the symbols of a meme stock-trading frenzy last year, rose to $785.7 million in the quarter ended March 31 from $148.3 million a year earlier.

Analysts on average had expected revenue of $743.4 million, according to IBES data from Refinitiv.

Net loss narrowed to $337.4 million, or 65 cents per share, during the quarter, compared with $567.2 million, or $1.42 per share, a year earlier.

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Comments

babyroxy
2022-05-10
babyroxy
Good. Heroes had done the job. Batman did help. Hopefully, Dr Strange can perform better.
Nanamoney
2022-05-10
Nanamoney
Great. Hope to see surge again
NP_YT
2022-05-10
NP_YT
Ok
phongy 45
2022-05-10
phongy 45
Awesome

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and &#34;Uncharted&#34; attracted 39,000 moviegoers to its theaters in the first quarter, compared with 6,797 a year earlier.</p><p>Revenue at the company, which became one of the symbols of a meme stock-trading frenzy last year, rose to $785.7 million in the quarter ended March 31 from $148.3 million a year earlier.</p><p>Analysts on average had expected revenue of $743.4 million, according to IBES data from Refinitiv.</p><p>Net loss narrowed to $337.4 million, or 65 cents per share, during the quarter, compared with $567.2 million, or $1.42 per share, a year earlier.</p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Shares Were Up Nearly 3% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Hope to see surge again","text":"Great. 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