LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Wednesday reported third-quarter net income of $12.3 million, after reporting a loss in the same period a year earlier.
The Leawood, Kansas-based company said it had net income of 8 cents per share. Losses, adjusted for non-recurring gains and to extinguish debt, came to 9 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The movie theater operator posted revenue of $1.41 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.29 billion.
AMC Entertainment shares have decreased 75% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.09, a fall of 82% 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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