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AMC
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Shares of AMC Entertainment gained 3% Monday after the movie theater chain reported stronger-than-expected second-quarter results.
The stock was up as much as 11% in intraday trading following the company's earnings report before the bell.
AMC posted revenue of nearly $1.4 billion, up about 35% year over year and topping the $1.35 billion Wall Street estimate, according to LSEG.
AMC reported a net loss of $4.7 million, or just 1 cent per share, notably narrower than the loss of $32.8 million, or 10 cents per share, the company reported in the second quarter of 2024.
On an adjusted, per-share basis, AMC reported breaking even. Wall Street analysts had expected AMC to report an adjusted loss per share of