AMC Stock Falls Despite Reporting Better Results Than Expected

AMC Entertainment  (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report shares on Monday declined by almost 4% after hours despite its third quarter results reporting higher revenue and a smaller loss than analysts expected.

Shares of AMC on Monday fell by 3.9% to $43.30 in after hours trading. The stock had risen 8% in the regular session. 

AMC reported total revenue of $763.2 million for the third quarter, beating an estimate from analysts surveyed by Refinitiv of $708.3 million. The company reported a loss of $224.2 million, or 44 cents a share, which beat an estimate of a loss of 53 cents.

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