AMC Entertainment shares jump on preliminary Q2 results as moviegoers return to cinemas
AMC Entertainment Holdings (NYSE:AMC) shares added more than 7% after the cinema chain released better-than-expected preliminary financial results for the second quarter. The company pre-announced Q2 revenue of $1.03 billion, in line with Street estimates and a loss per share of $0.10, ahead of the consensus of a loss per share of $0.48.
AMC Stock Alert: AMC Previews Revenue Drop, Pivot to Net Loss for Q2
Trading of AMC Entertainment (NYSE: AMC ) stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.
AMC warns of second-quarter earnings 'weakness,' with revenue and profit down
AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending shares down. The company blamed last year's actors and writers strike for a slowdown in theatrical releases which ultimately led to "weakness" in the quarter ended June 30.
AMC Entertainment Swung To The Red Last Quarter On Fewer Movies But CEO Upbeat After June Turnaround
Giant theater chain AMC Entertainment swung to red as revenue fell in the second quarter. Fewer films hit screens due to the Hollywood actors and writers strikes, but CEO Adam Aron said the worst and a major uptick that started in June is continuing.
The Worst of the Worst: 7 Meme Stocks to Avoid at all Costs
There's a rotation going on the stock market. The magnificent seven tech stocks and various AI names have started to dip in recent weeks.
Wedbush Just Raised Its Price Target on AMC Entertainment (AMC) Stock
Shares of AMC Entertainment (NYSE: AMC ) stock are in the red about 3% after Wedbush raised its price target to $4 from $3.50. Yesterday, the movie theater chain announced a refinancing transaction that would extend the maturity of up to $2.45 billion of debt from 2026 to 2029 and later.
AMC debt restructuring sparks more buying in the movie-theater chain's junk bonds
Movie-theater chain AMC announced a major debt-restructuring deal Monday.
Fast-paced Momentum Stock AMC Entertainment (AMC) Is Still Trading at a Bargain
AMC Entertainment (AMC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Can This Meme Stock Stage One Last Rally?
Investors should now be familiar with the story behind so-called “meme stocks.” These are companies considered not that great by hedge funds and savvy investors who bought into the technology sector, so they naturally carry large short interest due to the number of short sellers who take on their bearish views.
AMC's debt restructuring a ‘significant move' — but expect volatility, Wedbush says
Wedbush raised its AMC price target after the movie-theater chain's debt-restructuring deal
Not just AMC Entertainment: AMC Networks stock has imploded
AMC Entertainment's (NYSE: AMC) stock price has imploded this year amid concerns about the box office industry, its huge debt load, and dilution. It has crashed by 90% in the past 12 months and by 90% in the past five years.
AMC Stock Pops on News Company Will Restructure Debt
A long-struggling meme stock is back in the green today on a positive update. AMC Entertainment (NYSE: AMC ) has announced plans to refinance its debt burden.
