ADVERTISEMENT

AMC Entertainment: Q1 Earnings Snapshot

May 9, 2022 GMT

LEAWOOD, Kan. (AP) _ AMC Entertainment Holdings Inc. (AMC) on Monday reported a loss of $337.4 million in its first quarter.

On a per-share basis, the Leawood, Kansas-based company said it had a loss of 65 cents. Losses, adjusted for one-time gains and costs, were 52 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.

The movie theater operator posted revenue of $785.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $741.3 million.

AMC Entertainment shares have dropped 54% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.52, a climb of 32% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC