LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Tuesday reported second-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier.
The Leawood, Kansas-based company said it had net income of 1 cent per share. Earnings, adjusted to extinguish debt, came to less than 1 cent on a per-share basis.
The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The movie theater operator posted revenue of $1.35 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.29 billion.
AMC Entertainment shares have risen 26% since the beginning of the year. The stock has decreased 77% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC
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