AMC Shares Were Up 8% in Morning Trading

$AMC(AMC)$ Shares Were Up 8% in Morning Trading. AMC Entertainment beat Wall Street expectations for first-quarter revenue.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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  • firefirefire
    ·2022-05-11
    MM is still in charge..sad
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  • Gooooooooood
    ·2022-05-10


    [Smile] [Smile] 

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  • Bewitchinghobbies_
    ·2022-05-11
    Nice
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  • xifu
    ·2022-05-10
    ok
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  • Toratoratora
    ·2022-05-10
    k
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  • Taki9415
    ·2022-05-10
    Ok
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  • tks_82
    ·2022-05-10
    ok
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  • Cryptobear
    ·2022-05-10
    Nice
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  • PinkyPink
    ·2022-05-10
    Ok
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  • Niknaks
    ·2022-05-10
    Yup
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  • Gooooooooood
    ·2022-05-10
    K
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  • Ealmighty
    ·2022-05-10
    k
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  • Cryptobear
    ·2022-05-10
    Ul up
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  • Gooooooooood
    ·2022-05-10
    K
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  • Cryptobear
    ·2022-05-10
    Nice
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