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AMC Entertainment: Q3 Earnings Snapshot
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LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Wednesday reported third-quarter net income of $109.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Leawood, Kansas-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring costs, were 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The movie theater operator posted revenue of $1.71 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.66 billion.

In the final minutes of trading on Wednesday, the company's shares hit $3.52. A year ago, they were trading at $2.51.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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