AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery.Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago.
Analysts had anticipated sales of $708 million with an EPS loss of 53 cents.As of quarter’s end on September 30, AMC operated 596 domestic theatres and 351 internationally.
Substantially all of them were open for the entirety of the third quarter. Some 40 million moviegoers attended during the quarter.Aron said the world’s largest chain is also encouraged by the results from the beginning of the fourth quarter of 2021.
Read more on deadline.com
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