AMC Entertainment saw revenue surge to $444 million last quarter from a pandemic-stalled $18.9 million a year ago. Net losses narrowed to $349 million from $561 million.
Both beat Wall Street estimates, plumping the volatile stock by more than 7% in late trading.The nation’s biggest theater chain which struggled mightily to avoid bankruptcy for most of last year before being embraced by chat-room retail investors said it has more than $2 billion in cash available including an untapped revolving credit facility.Chairman-CEO Adam Aron will lead a conference call at 5 pm ET to talk about the exhibitor’s numbers and prospects.
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