AMC Entertainment shares rise after profit exceeds estimates

Bloomberg

25 Feb

The world’s largest cinema chain reported better-than-expected fourth-quarter profit.

NYSE-listed AMC Entertainment Holdings shares rose as much as 8.9% in extended trading after the company, the world’s largest cinema chain, reported better-than-expected fourth-quarter profit.

Adjusted earnings rose to US$164.8 million ($220.21 million), the company said Tuesday, beating Wall Street projections of US$128.7 million.

Sales grew to US$1.31 billion, compared with the US$1.3 billion average of six analysts’ estimates.

AMC said its theatres attracted more than 62 million fans in the fourth quarter, marking a post pandemic record for the period and a 20% gain from a year ago, CEO Adam Aron said a statement.

Shares of AMC traded as high US$3.56 in extended trading after the results were announced. They declined 2.7% to US$3.27 in regular trading.

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NYSE-listed AMC Entertainment Holdings shares rose as much as 8.9% in extended trading after the company, the ...</p>\n<a href=\"https://www.theedgesingapore.com/news/us-stocks/amc-entertainment-shares-rise-after-profit-exceeds-estimates?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.theedgesingapore.com/news/us-stocks/amc-entertainment-shares-rise-after-profit-exceeds-estimates?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2514838805","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514838805","pubTimestamp":1740495026,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The world’s largest cinema chain reported better-than-expected fourth-quarter profit. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","BK4108":"电影和娱乐","BK4547":"WSB热门概念"},"translate_title":"利润超出预期后AMC院线股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1},"content_text":"The world’s largest cinema chain reported better-than-expected fourth-quarter profit. 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