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AMC Earnings Beat Projections, Stock Surges

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variety.com

Brent Lang Executive Editor of Film and MediaNew blockbuster films like “Fast 9” and “A Quiet Place Part II” bolstered revenues at AMC Entertainment, even as the reemergence of a new and highly contagious variant of coronavirus threatened to undue the theater industry’s recent gains.

A better-than-expected earnings report sent shares of the company surging in after-hours trading, though that enthusiastic response is to be expected given AMC’s new status as a meme stock.

That said, there were signs that after a devastating year in the wilderness, AMC and other theater chains are starting to see improvements.

Revenues at the exhibition giant hit $444.7 million, up from $18.9 million in the year-ago period. Losses also shrank. AMC recorded a.

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