AMC Entertainment Earnings Fall Short of Expectations

AMC Entertainment said Monday it earned 12 cents per share in the third quarter, less than the 15 cents per share that analysts expected the operator of 4,937 movie screens at 348 locations to earn.

Earnings of $12.2 million were well above the $7.4 million earned in the same quarter last year, and revenue rose to $689 million from $634 million a year ago. Revenue, though, was $2 million shy of analysts’ expectations.

Shares of AMC closed fractionally higher on Monday to $27.50 and were not traded after the closing bell.

Despite the earnings miss, AMC said its financial results were a record for the quarter.

Admissions revenue rose 7.4 percent to $441.3 million as attendance grew by the same percent, with 47.3 million people attending a movie at AMC during the quarter.

Food and beverage revenue rose to a record $216.8 million from $189.1 million a year earlier as the amount each patron spent at the snack bar increased 6.8 percent to $4.58.

Email: Paul.Bond@THR.com

AMC Entertainment Earnings Fall Short of Expectations

Paul Bond

Gisele Bündchen Freed the Nipple in a Stunning Sheer Dress That Solidifies Her Place as the Ultimate Supermodel

Tristan Thompson Reportedly Buys Mansion Around the Corner From Khloe Kardashian

Georgia High School Student Facing Criminal Charges After Attacking Teacher

Carved Gems Found in Roman Bath after Falling Down Drain 2,000 Years Ago

Reviewed: Ring Spotlight Cam Pro Shines The Light On Critters And People That Cross It

Frank Lloyd Wright’s One-of-a-Kind Circular Sun House Lists in Arizona

With Lizzo, Always Expect The Unexpected

Ann & Nancy Wilson, Nirvana and More Accept Recording Academy Special Merit Awards at Intimate Grammy Week Event

Have a Tip?