AMC Entertainment Holdings, Inc. (AMC)

AMC Q1 earnings beat revenue estimates as stock down 47% YTD

Shares of AMC Entertainment (AMC) are moving slightly after the company posted its first quarter report revealing revenue of $951.4 million, beating an expected $870.86 million, with $0.78 diluted loss per share versus an expected $0.79.  Chairman and CEO Adam Aron commented in the report that some of the numbers are due to lagging effects from the 2023 Hollywood strikes, but is confident about the lineup of new movies and success from the distribution of Taylor Swift and Beyoncé concert films. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development for AMC and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino