AMC jumps after surprise Q2 profit, record revenue
AMC•Stock performance
As of the prior close, AMC shares were up 24.4% year to date.
AMC shares jump after surprise Q2 profit
Shares of theater chain AMC Entertainment jumped 16% to $2.26 in premarket trading after the company reported a surprise second-quarter profit and record revenue.
The company reported record second-quarter revenue of $1.60 billion, compared with analysts' estimates of $1.47 billion, according to data compiled by LSEG.
AMC posted adjusted earnings of 14 cents per share, versus estimates for a loss of 6 cents.
Attendance and box office trends improve
Attendance grew 13.5% in the second quarter from a year earlier, AMC said.
During the quarter, six different films delivered domestic opening weekend grosses exceeding $75 million, the company said.
