AMC Entertainment (NYSE: AMC) gave shareholders nearly everything they wanted on Thursday. It posted second-quarter results that may have failed to exceed expectations but confirmed that its turnaround is succeeding on most fronts.
Adjusted earnings before interest, taxes depreciation, and amortization (EBITDA) and its operating-cash generated turned positive for the period. The country's leading multiplex operator also announced a stock dividend that should shake out any potential fake or synthetic short positions in AMC.
It wasn't enough. The stock was trading more than 10% lower by Thursday night.
Source Fool.com