Shares of AMC Entertainment Pop Despite First-Quarter Misses
AMC Entertainment Holdings (NYSE: AMC) stock saw a 5% pop in after-hours trading on the day it released its fiscal first-quarter 2020 earnings report, which featured deep and scarring red numbers.
The company suffered a near-complete decimation of its business during the quarter. This, naturally, was due to the coronavirus pandemic, which ground its operations to a near-standstill toward the end of the quarter ended March 31.
Image source: AMC Entertainment Holdings.
Source Fool.com