AMC Stock Loses Even When It Wins

AMC Entertainment stock trounced Wall Street’s expectations in the third quarter. Moviegoers hit the theaters in droves as Barbie and Oppenheimer wowed audiences. AMC attendance was up 38% from the year-ago period pushing revenue to $1.4 billion. That was 45% above last year and nearly 12% better than Wall Street’s expectation of $1.3 billion.

Even better for AMC was the $0.08 per share profit it turned in versus the $2.20 per share loss in 2022. It was also far superior to the $0.18 per share loss analysts expected. Yet AMC’s stock is actually down over 20% from where it closed before the theater chain released its results. You should be just as unimpressed with it as the market is. $AMC Entertainment(AMC.US)$