HomeEconomyAMC hits Wall Street as 'Ant-Man' draws more moviegoers Economy AMC hits Wall Street as 'Ant-Man' draws more moviegoers By farahat May 5, 2023 0 68 views Share FacebookTwitterPinterestWhatsApp CNK +1.10% Add to/Remove from Watchlist Join the watch list Add Job Location successfully added to: Please name your portfolio type: purchaseSell date: quantity: price Integral value: Leverage: 1:1 1 : 1: 1: 1: 1: 25 1: 21 1: 50 1: 21 Committee: 39268 CREATE NEW WATCH LIST CREATE 2024 1000 2023 Create a new holding portfolio Add Create2023954 + add another position to close 500 AMC +1.10% 948 Add to To/Remove from Watchlist Add to watch list Add location Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1 :25 1: 10 1:33 1: 25 1: 60 Committee: 48376 2024 Create a new watchlist create202439268 954 Create a new holding portfolio Add Create500 + add another position to close Author: Tiyashi Datta (Reuters) – AMC Entertainment Holdings Inc Friday offered an upbeat assessment of this year’s box office recovery, with films including the latest “Ant-Man” drawing moviegoers to theaters after beating quarterly revenue estimates. Movie theater attendance is starting to pick up after an uneven recovery from the pandemic trough, thanks to a steady stream of movie releases throughout the year . “We agree with ‘s The outlook couldn’t be more optimistic box office, except to say 200 looks better,” said CEO Adam Aron. Shares of the world’s largest theater chain operator were last up 0.5 percent in choppy trading, after rising more than 4 percent premarket. The stock is a favorite of retail investors, up more than % so far this year. Peer Cinemark Holdings (NYSE: CNK) company released a 1Q19 revenue growth % due to stronger than expected box office performance. AMC also indicated growth from the release to the current quarter of the long-awaited “Super Mario Bros. Movie” and said it expects “The Little Mermaid , “Guardians of the Galaxy Vol. 3” and “Spider-Man: Into the Spider-Verse” will drive the box office for the rest of the year. World’s largest theater chain operator’s revenue up .5% to $21. 4 million in the first quarter, exceeding expectations $45.5 million, according to Refinitiv data. AMC is experimenting with different combinations to entice audiences, including allowing moviegoers to choose the seat option priority that matches their viewing. “As moviegoers continue to gravitate toward premium Screens and deals, it makes sense Wedbush analyst Alicia Reese said: “Theatrical revenues are likely to exceed pre-pandemic levels as volumes normalize. “ On an adjusted basis, AMC lost 9 cents per share compared to expectations for the loss cents. Share FacebookTwitterPinterestWhatsApp Previous articleMichael Zegen on Joel's sacrifice for Mickey in 'The Marvelous Mrs. Maisel': 'He did it to protect her'Next articleDead Girl Murder Farce Anime Actor Masaki Aizawa as John H. Watson farahat RELATED ARTICLES Economy Column – One-off rate hike 'skip' will be Fed first: McGeever June 7, 2023 Economy Lira plunges more than 7% as Türkiye moves toward free market June 7, 2023 Economy Coinbase Executive Defends Platform, Calls for Clear Crypto Rules June 7, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS The NFT Revolution: How HedgeUp (HDUP) Changes the NFT Landscape June 8, 2023 24 Hours of Le Mans: Porsche beats Ferrari in opening night practice June 8, 2023 by Malene Birger Resort 2024 June 8, 2023 Etro Resort 2024 June 8, 2023 Load more Featured NEWS USDA recommends adding food safety items to your back-to-school list August 17, 2022 Should you put someone in your friend zone before dating them? February 4, 2023 Kyle Wright celebrated by MLB Twitter during Warriors' NLDS Game 2 against Phillies October 13, 2022 NFL Houston Texans Now Accepts Bitcoin for Game Kits August 21, 2022 Load more
