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What's Going On With AMC Entertainment Stock Thursday?
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower Thursday on the heels of the company’s first-quarter financial results. Here’s what you need to know.
What Happened: After the market close on Wednesday, AMC reported first-quarter revenue of $951.4 million, beating estimates of $871.002 million, according to Benzinga Pro. The company reported a quarterly loss of 78 cents per share, beating estimates for a loss of 79 cents per share.
AMC said it grew its domestic market share and continued to grow its per patron profitability metrics at levels well above pre-pandemic measures in the first quarter despite a 6% decline for North ...