None
EN
AMC Entertainment (AMC) Rockets 25.8% on Record Revenue in 106-Year History
[]
Insider Monkey - Free Hedge Fund and Insider Trading DataInsider Monkey – Free Hedge Fund and Insider Trading Data – Free Hedge Fund and Insider Trading Data, Hedge Fund News, Financial Commentaries - News Feed
AMC Entertainment saw its share price climb by as much as 25.77 percent during intra-day trading on Monday at $2.44 apiece, after the theater giant posted its highest quarterly revenue in its 106-year history, prompting investors to look past a wider net loss and focus on signs that recovery is gaining momentum.
On an adjusted basis, AMC Entertainment Holdings Inc. (NYSE:AMC) posted earnings of $104.3 million in the second quarter, reversing a $500,000 adjusted net loss in the same period last year.
“In our 106-year history, never before has AMC had such superb results.
Upsides ExpectedInvestment firm B. Riley posted a conservative stance on shares of AMC Entertainment Holdings Inc. (NYSE:AMC) prior to the release of the latter’s earnings results.
However, it said that 2026 estimates are currently under review, carrying an “upside bias” based on the stronger-than-expected second quarter results.