AMC Entertainment Holdings, Inc. (NYSE:AMC) reported stronger-than-anticipated second-quarter results on Monday, posting breakeven earnings per share compared to analyst expectations of a loss.
Following the announcement, the company’s shares climbed 5.80% in pre-market trading.
The world’s largest movie theater operator recorded earnings per share of $0.00 for the quarter, well ahead of the predicted -$0.09. Revenue reached $1.4 billion, exceeding the consensus forecast of $1.31 billion.
The nearly 6% gain in the stock price highlights investor confidence in AMC’s ability to beat expectations despite ongoing headwinds in the cinema sector. The revenue growth underscores a steady rebound in movie theater attendance as audiences return.
Operating roughly 860 theaters and 9,700 screens worldwide, AMC is the biggest movie exhibitor across the U.S. and Europe. The company has invested in upgrading the theater experience with premium seating, enhanced food and drink offerings, and loyalty incentives to draw patrons back.
AMC Entertainment Holdings stock price
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