We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMC Entertainment (AMC) Misses Q2 Earnings and Revenues
Read MoreHide Full Article
AMC Entertainment Holdings Inc. (AMC - Free Report) operates as a theatrical exhibition company primarily in the U.S. and internationally. It owned or interests in theatres and screens.
AMC Entertainment has been investing a great deal in renovating and refurbishing its multiplexes through enhancements like reclining seats, improved foods and beverages, dine-in theaters, and advanced sound and digital equipment to draw viewers.
Also, the company recently signed an agreement to buy theater chain, Carmike Cinemas Inc. in a cash-and-debt deal valued at about $1.1 billion. The acquisition of the suburban and rural-focused company will allow AMC Entertainment to geographically diversify its operations and drive business expansion.
AMC Entertainment currently carries a Zacks Rank #5 (Strong Sell). The company has generated a positive average earnings surprise of a meagre 0.60% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Entertainment posted weaker-than-expected earnings in the second quarter. Our consensus adjusted earnings per share estimate was 29 cents while the company reported adjusted earnings per share of 24 cents. Investors should note that these figures take out stock option expenses.
Revenue: AMC Entertainment generated total revenue of nearly $764 million, which lagged the Zacks Consensus Estimate by approximately $11 million.
Key Stats to Note: During the second quarter of 2016, Average ticket price was $9.63 compared with $9.91 for the same quarter a year ago. Food and beverage revenues per patron increased 4.7% to an all-time high record of $4.87.
Check back later for our full write up on this AMC Entertainment Holdings earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AMC Entertainment (AMC) Misses Q2 Earnings and Revenues
AMC Entertainment Holdings Inc. (AMC - Free Report) operates as a theatrical exhibition company primarily in the U.S. and internationally. It owned or interests in theatres and screens.
AMC Entertainment has been investing a great deal in renovating and refurbishing its multiplexes through enhancements like reclining seats, improved foods and beverages, dine-in theaters, and advanced sound and digital equipment to draw viewers.
Also, the company recently signed an agreement to buy theater chain, Carmike Cinemas Inc. in a cash-and-debt deal valued at about $1.1 billion. The acquisition of the suburban and rural-focused company will allow AMC Entertainment to geographically diversify its operations and drive business expansion.
AMC Entertainment currently carries a Zacks Rank #5 (Strong Sell). The company has generated a positive average earnings surprise of a meagre 0.60% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Entertainment posted weaker-than-expected earnings in the second quarter. Our consensus adjusted earnings per share estimate was 29 cents while the company reported adjusted earnings per share of 24 cents. Investors should note that these figures take out stock option expenses.
Revenue: AMC Entertainment generated total revenue of nearly $764 million, which lagged the Zacks Consensus Estimate by approximately $11 million.
Key Stats to Note: During the second quarter of 2016, Average ticket price was $9.63 compared with $9.91 for the same quarter a year ago. Food and beverage revenues per patron increased 4.7% to an all-time high record of $4.87.
AMC ENTERTAINMT Price and EPS Surprise
AMC ENTERTAINMT Price and EPS Surprise | AMC ENTERTAINMT Quote
Check back later for our full write up on this AMC Entertainment Holdings earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>