AMC Stock Tumbles on $350M Offering: Everything You Need to Know
AMC Stock Tumbles on $350M Offering: Everything You Need to Know
$AMC Entertainment (AMC.US)$ shares are tanking Thursday after the company announced an at-the-market offering.
$AMC院线 (AMC.US)$ 该公司宣布在市场上发行后，周四股价下跌。
AMC entered into an equity distribution agreement to sell up to $350 million worth of shares of its common stock from time to time through an at-the-market offering program.
AMC签订了一项股权分配协议，通过市场发行计划不时出售价值高达3.5亿美元的普通股。
AMC said it intends to use any net proceeds to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness and for general corporate purposes.
AMC表示，它打算将任何净收益用于增加流动性，偿还、再融资、赎回或回购其现有债务，以及用于一般公司用途。
The news comes a day after AMC reported third-quarter financial results. The company reported revenue of $1.41 billion, which beat the consensus estimate of $1.17 billion. AMC reported a quarterly loss of 9 cents per share, which beat estimates for a loss of 38 cents per share.
该消息是在AMC公布第三季度财务业绩的第二天发布的。该公司公布的收入为14.1亿美元，超过了市场普遍估计的11.7亿美元。AMC公布的季度每股亏损9美分，超过了预期的每股亏损38美分。
"It is quite satisfying for AMC to report impressively favorable earnings for the third quarter of 2023, significantly above consensus and market expectations," said Adam Aron, CEO of AMC.
他说：“AMC公布的2023年第三季度收益令人印象深刻，大大高于共识和市场预期，这令人非常满意。” 亚当·阿隆，AMC 首席执行官。
"This all suggests that we are well underway on our growth path to recovery from the ravages of the COVID pandemic."
“这一切都表明，我们在从COVID大流行的破坏中恢复过来的增长道路上进展顺利。”
Third-quarter attendance was up on a year-over-year basis, but still about 16% below where it was in 2019. However, contribution per patron was up about 30% versus 2019.
第三季度的出勤率同比上升，但仍比2019年的水平低约16％。但是，与2019年相比，每位顾客的捐款增加了约30％。
AMC ended the quarter with $729.7 million in cash and equivalents.
AMC在本季度末拥有7.297亿美元的现金及等价物。
"The short-term impacts of the Writer's and Actor's strikes will cause additional and needless challenges for AMC in 2024 ... There has been and will be much collateral damage from these lengthy work stoppages," Aron added.
“作家和演员罢工的短期影响将在2024年给AMC带来更多不必要的挑战...这些长时间的停工已经而且将会造成很大的附带损害，” 阿伦补充说。
AMC shares are down more than 70% since the start of the year.
自今年年初以来，AMC股价下跌了70％以上。