AMC 🔴 LIVE - After Market Close

AMC 🔴 LIVE - After Market Close. AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), the largest theatrical exhibition company in the world, announced today preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company’s financial reporting processes, based on information known by management as of the date of this press release and do not represent a comprehensive statement of our financial results for the quarter ended March 31, 2024. AMC expects:
1) Total revenues for the quarter ended March 31, 2024, to be approximately $951.4 million compared to $954.4 million for the quarter ended March 31, 2023.
2) Net loss for the quarter ended March 31, 2024, to be $(163.5) million compared to a net loss of $(235.5) million for the quarter ended March 31, 2023.
3) Diluted loss per share for the quarter ended March 31, 2024, to be $(0.62) compared to diluted loss per share of $(1.71) for the quarter ended March 31, 20231.
4) Adjusted EBITDA to be $(31.6) million for the quarter ended March 31, 2024, compared to Adjusted EBITDA of $7.1 million for the quarter ended March 31, 2023. Included in the prior year’s quarterly results ended March 31, 2023 was a previously disclosed $16.7 million benefit to Adjusted EBITDA related to an early termination of a theatre lease.
5) Cash and cash equivalents at March 31, 2024 to be $624.2 million.
Join us Live here on the channel to listen in on the earnings webcast accessible through the Investor Relations section of AMC’s website at investor.amctheatres.com/. During the webcast the company will take questions from both AMC Investor Connect members and equity research analysts.
Date: Wednesday, May 8, 2024
Time: 4:00 PM CST / 5:00 PM EST
An archive of the webcast will be available on the Company’s website after the webcast for a limited time.
#TonyDenaro #AMC #AMCQ1Earnings
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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.

[@carlosguzman1837]

Great day Tony!!!

[@smallrossy]

Unbelievable day

[@kleindropper]

looks like Tony's $10 calls my hit today!

[@TonyDenaro]

I have $8’s too

[@ShortboyKennel]

So what does that exactly mean?

[@rickyceijas6836]

All I’m hoping for at this point is to break even down 13k

[@jjman533]

3, 2, 1, AA will dilute the stock again and then again.

[@TonyDenaro]

As the price goes up that would be the smart business move I would expect to see yes. The company needs cash.