AMC Entertainment Delivers Record Q3

Movie theater chain operator AMC Entertainment Holdings Inc AMC reported its third quarter earnings after the market closed. Despite concerns of a slowdown in traffic to movie theaters, AMC reported a record third quarter. The stock is up a 34 percent year-to-date.

  • AMC reports Q3 EPS $0.31, beats by $0.04.
  • Revenues increased 13.2 percent to $779.8 million, misses by $2.1 million.
  • Net earnings increased to $30.4million.
  • AMC paid $19.7 million in dividends in Q3.
  • AMC did not issue guidance.

"Fueled by both a commitment to deliver on our key priorities and a strong industry box office, AMC delivered another outstanding quarter, setting third quarter records on many fronts, and growing adjusted EBITDA nearly 33% and diluted EPS over 150%," said Adam Aron, AMC Chief Executive Officer and President.

The stock traded down about 0.4 percent to $31.95 in the after-hours session.

Loading...
Loading...
AMC Logo
AMCAMC Entertainment Holdings Inc
$3.24-3.57%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
19.33
Growth
30.56
Quality
N/A
Value
16.81
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Comments
Loading...