• 32
  • 8
  • Favorite

AMC Stock Falls 9% in Premarket Trading

Tiger Newspress2022-08-05

AMC Stock Falls % 9in Premarket Trading.

AMC Entertainment reports Q2 loss, lags revenue estimates.

Revenues jumped 162% from a pandemic-hit Q2 2021, but the $1.16B figure still trailed the pre-pandemic Q2 of 2019, when the company logged $1.5B.

Net loss improved to $121.6M vs. a net loss of $344M a year ago. Adjusted EBITDA swung to a gain of $106.7M, vs. a prior-year loss of $150.8M.

The quarter "boosts our mood and brightens our prospects as we look ahead," says CEO Adam Aron. Attendance globally rose to 59M from 22M a year ago.

Revenue per patron was also exciting, he said, especially in high-margin food and beverages: F&B spending per patron was $7.52, up from $5.58 in Q2 2019. Internationally, F&B revenue rose 21.5%. And other revenues per patron were up to $2.01 from $1.22 in Q2 2019.

And while loss per share benefited from improved operations, it was also impacted by marking to market the "volatile" share price of the company's gold mining investment, in Hycroft Mining.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment8

  • ShrimpDump
    ·2022-08-05
    I just like the stock :)
    Reply
    Report
  • Dave0123
    ·2022-08-05
    Ok
    Reply
    Report
  • Heokbt
    ·2022-08-05
    Still holding
    Reply
    Report
  • Pottsy
    ·2022-08-05
    Still holding
    Reply
    Report
  • HOCK
    ·2022-08-05
    Huh? 
    Reply
    Report
  • Timtan85
    ·2022-08-05
    Pls like
    Reply
    Report
  • JeffreyTan
    ·2022-08-05
    Are people so disloyal to the stock they buy..
    Reply
    Report
  • 玉树临风英俊
    ·2022-08-05
    👌 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial