AMC Entertainment Holdings, Inc. Previews Q1 2024 Preliminary Results; Sees Q1 EPS $(0.62) Vs $(0.79) Est.; Revenue $951.4M Vs $861.06M Est.
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment Holdings, Inc. (NYSE:AMC) released its Q1 2024 preliminary results, showing a net loss of $(163.5) million, an improvement from the previous year's $(235.5) million. Revenue was $951.4 million, exceeding estimates of $861.06 million. The diluted loss per share was $(0.62), better than the estimated $(0.79). The company also launched an ATM equity program, selling 12.8 million shares and raising $41.8 million. Despite the impact of the 2023 Hollywood strikes, AMC outperformed consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted EPS.
April 26, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMC Entertainment Holdings, Inc. reported better-than-expected Q1 2024 results with higher revenue and a reduced net loss compared to estimates. The company also successfully raised funds through an ATM equity program.
AMC's Q1 2024 preliminary results show significant improvement in both revenue and net loss figures compared to estimates, indicating a positive outlook for the company. The successful ATM equity program further strengthens its financial position. These factors are likely to positively influence investor sentiment and AMC's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100