AMC Entertainment Lights Up With a Marquee Performance
AMC Entertainment (NYSE: AMC) trounced Wall Street expectations in the first quarter, posting higher revenue and a narrower loss than forecast as a combination of high-profile films drew moviegoers back to the cinema. Chairman and CEO Adam Aron said it was the theater operator's strongest first quarter in two years.
Revenue surged to $785.7 million for the period, five times greater than last year and ahead of analyst expectations of $743 million, while recording an adjusted loss of $0.52 per share, far better than the $0.63-per-share loss Wall Street was looking for.
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Source Fool.com
