Recent movie news bodes well for AMC Entertainment (NYSE:AMC) stock as it reports earnings on Aug. 2. Although it released preliminary results last week, this could be a case of “buy the rumor, sell the news.”Disney (NYSE:DIS) has three certified movie hits on its hands. Inside Out 2, Despicable Me 4 and now Deadpool & Wolverine have all earned $500 million or more at the box office. AMC stock is up 9% already and two of the Disney movies were released too late to help the cinema owner’s results. While ther ...

AMC Entertainment Holdings, Inc. (AMC) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 25.8%. The company’s top line dropped 0.3% year over year. However, AMC’s loss per share narrowed to 78 cents from a loss of $1.31 reported in the prior-year quarter.AMC surpassed the earnings in the trailing three out of four quarters. The average surprise over this period is 38%, as shown in ...

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- AMC Networks, Inc. [NASDAQ: AMCX] announced today that Jamie Gallagher, the company’s long-time General Counsel and EVP, will retire at the end of the year. Following more than 16 years of service, Gallagher will step down from his role, concluding a distinguished career marked by invaluable contributions to the company. Throughout his tenure, Gallagher has been a cornerstone of the AMC Networks leadership team, guiding the company through significant chapters in ...

Large-cap companies have long dominated the stock market with a reputation for recording significant returns for investors. However, in recent weeks, small-cap stocks are showing dominance, taking a share from their large counterparts.For instance, data indicates that small-caps have outperformed the S&P 500 index for the first time in almost 25 years.Small-cap stock performance against S&P 500. Source: BloombergTherefore, based on recent performance, investors are potentially looking for high-potential sma ...

AMC Entertainment (AMC) ended the recent trading session at $5.18, demonstrating a +0.78% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 1.64%, while the tech-heavy Nasdaq appreciated by 1.03%.The the stock of movie theater operator has risen by 7.53% in the past month, leading the Consumer Discretionary sector's loss of 3.51% and the S&P 500's loss of 1.16%.Analysts and investors alike will be keeping ...

Shares of embattled theatre chain operator AMC Entertainment (NYSE:AMC) are ticking in the green again following its announcement of debt restructuring. However, these fleeting gains do little to impact the bearish outlook for AMC stock, which is overshadowed by its declining underlying business. AMC stock remains as precarious as ever, potentially sending its shareholders into dizzying headaches. Therefore, AMC is a no-brainer stock to sell, which will continue to erode shareholder value for the foreseeabl ...

Trading of AMC Entertainment (NYSE:AMC) stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.AMC posted revenue of $1.03 billion, down 23.54% from $1.347 billion a year ago. Preliminary revenue was in line with the consensus analyst estimate of $1.03 billion.The movie theater chain also reverted back to being an unprofitable company with a net loss of $32.8 million comp ...

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending shares down more than 5%. The company blamed last year's actors and writers strike for a slowdown in theatrical releases which ultimately led to "weakness" in the quarter ended June 30.AMC's preliminary results revealed revenue down more than 23% during the period to $1.03 billion. It also said it expects to post a net ...

Giant theater chain AMC Entertainment swung to red as revenue fell in the second quarter. Fewer films hit screens due to the Hollywood actors and writers strikes, but CEO Adam Aron said the worst and a major uptick that started in June is continuing. In preliminary results, released ahead of its formal quarterly earnings, the company said total revenues for the quarter ended June 30 dipped to just over $1 billion from $1.35.9 billion a year ago, dragged down by slow moviegoing in April and May. As a result ...

Shares of AMC Entertainment (NYSE:AMC) stock are in the red about 3% after Wedbush raised its price target to $4 from $3.50. Yesterday, the movie theater chain announced a refinancing transaction that would extend the maturity of up to $2.45 billion of debt from 2026 to 2029 and later.This transaction will open up the opportunity to reduce debt by $464 million from the conversion of exchangeable notes into equity. That has dilutive effects on shareholders and is likely why AMC stock is down today.“Previousl ...