News Formal

AMC Reports Earnings Today. What to Expect.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

The largest movie theater operator is expected to report a loss of 10 cents a share on sales of $1.26 billion.

AMC Entertainment ‘s results, set to be released after tonight’s closing bell, will be all about this summer’s blockbuster movie phenomenon known as Barbenheimer.

That won’t be enough to completely pull AMC back into the black, at least according to expectations tracked by FactSet. Analysts expect AMC to report a loss of 25 cents a share on revenue of $1.26 billion. That would be an improvement from a loss of $1.76 a share in the third quarter of 2022, when it reported sales of just over $1 billion.

The results won’t include proceeds from Taylor Swift: The Eras Tour, which didn’t open in AMC theaters until after the third quarter ended. CEO Adam Aron recently said in a social media post that more than 10 million people had seen the concert movie, crossing $200 million in global box office. AMC is the distributor.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
Source: MarketWatch - 🏆 3. / 97 Read more »

Lucid Reports Earnings Today. What to Expect.Wall Street projects a per share loss of 40 cents from sales of about $178 million, according to Bloomberg. Lucid reported a 40 cent loss from sales of $151...
Source: MarketWatch - 🏆 3. / 97 Read more »

Disney earnings: What to expect when the Magic Kingdom reportsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »

UFC and WWE Owner TKO Reports First Quarterly EarningsThe Endeavor-controlled company completed its merger of the WWE and UFC in September.
Source: THR - 🏆 411. / 53 Read more »